90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for Connecticut
PPCILB0T4CT09000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.90
Year-over-Year Change
-25.16%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend provides the lower bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in Connecticut. It offers insight into the economic well-being of young children in 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 Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for Connecticut tracks the lower range of the statistically reliable estimate of the child poverty rate in the state. This metric is used by policymakers and researchers to assess the prevalence of economic hardship among the youngest residents.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for understanding economic conditions and informing policy decisions related to childhood poverty in Connecticut.
Key Facts
- The lower bound represents the minimum reliable estimate of the child poverty rate.
- Reducing childhood poverty is a key policy goal for many state and local governments.
- Trends in this metric can indicate changes in the economic well-being of young children.
FAQs
Q: What does this economic trend measure?
A: This trend provides the lower bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insight into the prevalence of economic hardship among young children in the state, which is important for policymakers and researchers focused on childhood poverty.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding economic conditions and informing policy decisions related to childhood poverty in Connecticut.
Q: Are there update delays or limitations?
A: As with any survey data, there may be some delays in data availability and potential limitations in sample size or geographic coverage.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for Connecticut (PPCILB0T4CT09000A156NCEN), retrieved from FRED.