90% Confidence Interval Upper Bound of Estimate of People Age 0-17 in Poverty for Utah
PECIUBU18UT49000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91,377.00
Year-over-Year Change
-38.31%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the 90% confidence interval upper bound of the estimated number of people aged 0-17 living in poverty in Utah. It provides insights into the level of child poverty and socioeconomic challenges facing the state.
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 represents the upper limit of the estimated range where the true value is likely to fall, with 90% confidence. This metric helps assess the scale and potential severity of child poverty in Utah and can inform policy decisions aimed at supporting low-income families and promoting economic mobility.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on survey responses.
Historical Context
This trend is used by policymakers, economists, and social service providers to understand the extent of child poverty and guide interventions to address economic inequalities.
Key Facts
- The 90% confidence interval upper bound for child poverty in Utah was 71,462 in 2020.
- Utah's child poverty rate is lower than the national average.
- Reducing child poverty is a key policy priority for the state government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the 90% confidence interval upper bound of the estimated number of people aged 0-17 living in poverty in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the scale and potential severity of child poverty in Utah, which is crucial for informing policy decisions and interventions aimed at supporting low-income families and promoting economic mobility.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on survey responses.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and social service providers to understand the extent of child poverty and guide interventions to address economic inequalities in Utah.
Q: Are there update delays or limitations?
A: The data is released annually by the Census Bureau, so there may be a delay of up to a year before the most recent information is available.
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Citation
U.S. Census Bureau, 90% Confidence Interval Upper Bound of Estimate of People Age 0-17 in Poverty for Utah (PECIUBU18UT49000A647NCEN), retrieved from FRED.