90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Maine
This dataset tracks 90% confidence interval upper bound of estimate of people of all ages in poverty for maine over time.
Latest Value
148213.00
Year-over-Year Change
-21.83%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimate of people of all ages in poverty in Maine. It provides insights into the extent of poverty in the state and helps policymakers and economists assess economic well-being and the effectiveness of social programs.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Maine represents the upper limit of the range within which the true poverty rate for the state's population is expected to fall, with 90% confidence. This metric is used to understand the potential scale and severity of poverty in Maine.
Methodology
The data is collected and calculated by the U.S. Census Bureau through the American Community Survey.
Historical Context
This trend is important for economic and social policy analysis, as it helps identify areas of high poverty and informs decisions about resource allocation and program implementation.
Key Facts
- The upper bound of the 90% confidence interval for the Maine poverty rate is updated annually.
- This metric can vary significantly from year to year due to changes in economic conditions and social programs.
- The upper bound provides a conservative estimate of the potential scale of poverty in Maine.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimate of people of all ages in poverty in Maine. It provides insights into the potential scale of poverty in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for economic and social policy analysis, as it helps identify areas of high poverty and informs decisions about resource allocation and program implementation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through the American Community Survey.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and social service providers to assess the economic well-being of Maine's population and the effectiveness of poverty alleviation programs.
Q: Are there update delays or limitations?
A: The upper bound of the 90% confidence interval for the Maine poverty rate is updated annually, and the data may vary significantly from year to year due to changes in economic conditions and social programs.
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Citation
U.S. Census Bureau, 90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Maine (PECIUBAAME23000A647NCEN), retrieved from FRED.