90% Confidence Interval Upper Bound of Estimate of People Age 0-17 in Poverty for Georgia
This dataset tracks 90% confidence interval upper bound of estimate of people age 0-17 in poverty for georgia over time.
Latest Value
486576.00
Year-over-Year Change
-27.25%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimated number of people aged 0-17 living in poverty in the state of Georgia. Understanding poverty levels among children is crucial for policymakers and economists to evaluate the effectiveness of social programs and develop targeted interventions.
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 Age 0-17 in Poverty for Georgia represents the upper limit of the range in which the true value of the poverty estimate for that age group and location is likely to fall, with 90% confidence. This metric provides a more comprehensive view of poverty levels compared to point estimates alone.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey and calculated using statistical modeling techniques.
Historical Context
Policymakers and economists use this trend to assess the extent of child poverty and inform the development of social programs and economic policies.
Key Facts
- The upper bound of the 90% confidence interval was 234,462 in 2021.
- Georgia's child poverty rate is higher than the national average.
- Poverty among children can have long-term impacts on health, education, and economic outcomes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimated number of people aged 0-17 living in poverty in the state of Georgia.
Q: Why is this trend relevant for users or analysts?
A: Understanding the extent of child poverty is crucial for policymakers and economists to evaluate the effectiveness of social programs and develop targeted interventions to address this issue.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey and calculated using statistical modeling techniques.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the extent of child poverty and inform the development of social programs and economic policies aimed at reducing poverty and improving outcomes for children.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the American Community Survey, which may include delays in data release or potential sampling errors.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People Age 0-17 in Poverty for Georgia (PECIUBU18GA13000A647NCEN), retrieved from FRED.