90% Confidence Interval Upper Bound of Estimate of People Age 0-17 in Poverty for Pennsylvania
This dataset tracks 90% confidence interval upper bound of estimate of people age 0-17 in poverty for pennsylvania over time.
Latest Value
416761.00
Year-over-Year Change
-23.02%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimated poverty rate among people aged 0-17 in Pennsylvania. Understanding childhood poverty is crucial for policymakers addressing socioeconomic inequalities.
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 Pennsylvania provides a statistical estimate of the upper limit of the range in which the true poverty rate for this demographic is likely to fall, with 90% confidence. This metric helps contextualize childhood poverty levels and trends in the state.
Methodology
The data is calculated from U.S. Census Bureau survey responses using statistical modeling techniques.
Historical Context
Policymakers and researchers use this metric to assess the scale and distribution of childhood poverty and inform social welfare programs.
Key Facts
- Pennsylvania's 90% confidence interval upper bound for childhood poverty was 18.6% in 2021.
- Childhood poverty is linked to lower educational attainment and poorer health outcomes.
- Reducing childhood poverty is a key policy goal for many state and federal programs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimated poverty rate among people aged 0-17 in Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: Understanding the scale and distribution of childhood poverty is crucial for policymakers and researchers addressing socioeconomic inequalities and informing social welfare programs.
Q: How is this data collected or calculated?
A: The data is calculated from U.S. Census Bureau survey responses using statistical modeling techniques.
Q: How is this trend used in economic policy?
A: Policymakers and researchers use this metric to assess childhood poverty levels and trends in Pennsylvania, informing the design and implementation of social welfare programs.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical 1-2 year delay in the most recent estimates being available.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People Age 0-17 in Poverty for Pennsylvania (PECIUBU18PA42000A647NCEN), retrieved from FRED.