90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for Indiana
PPCILB0T4IN18000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.30
Year-over-Year Change
-39.04%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in the state of Indiana. It provides important insights into the scale and severity of child poverty 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 Indiana represents a statistically rigorous estimate of the minimum percentage of young children living below the poverty line in the state. This data point is a key indicator used by policymakers and researchers to understand and address child poverty.
Methodology
The data is calculated based on statistical modeling and sampling methods by the U.S. Census Bureau.
Historical Context
This trend is used to inform policy decisions and funding allocations related to anti-poverty programs and social services for low-income families in Indiana.
Key Facts
- The current lower bound estimate is [X]%.
- Indiana's child poverty rate is above the national average.
- This data is updated annually by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data point provides a statistically rigorous estimate of the minimum level of child poverty in Indiana, which is a crucial indicator for policymakers, social service providers, and researchers working to address poverty and inequality.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on statistical modeling and sampling methods.
Q: How is this trend used in economic policy?
A: This trend informs policy decisions and funding allocations related to anti-poverty programs and social services for low-income families in Indiana.
Q: Are there update delays or limitations?
A: This data is updated annually by the U.S. Census Bureau, so there may be a one-year delay in the most recent estimates being available.
Related Trends
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Real Gross Domestic Product: Chemical Manufacturing (325) in Indiana
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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 Indiana (PPCILB0T4IN18000A156NCEN), retrieved from FRED.