90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for Kentucky

This dataset tracks 90% confidence interval lower bound of estimate of percent of people under age 5 in poverty for kentucky over time.

Latest Value

20.20

Year-over-Year Change

-32.21%

Date Range

1/1/1989 - 1/1/2023

Summary

This economic trend measures the lower bound of the 90% confidence interval for the estimated percent of people under age 5 living in poverty in Kentucky. It provides valuable insights into child poverty levels 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 Kentucky represents the lower end of the range within which the true poverty rate for young children in the state is expected to fall, with 90% confidence. This metric is used by policymakers and researchers to analyze child poverty trends and develop targeted interventions.

Methodology

The data is collected through the U.S. Census Bureau's American Community Survey.

Historical Context

This trend is relevant for understanding the economic well-being of young children in Kentucky and informing social welfare policies.

Key Facts

  • The lower bound of the 90% confidence interval was 18.8% in 2021.
  • This represents a decline from the 2020 lower bound of 20.3%.
  • Child poverty remains a persistent challenge in Kentucky.

FAQs

Q: What does this economic trend measure?

A: This trend measures the lower bound of the 90% confidence interval for the estimated percent of people under age 5 living in poverty in Kentucky.

Q: Why is this trend relevant for users or analysts?

A: This metric provides insights into the economic well-being of young children in Kentucky and informs the development of social welfare policies aimed at reducing child 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 used by policymakers and researchers to analyze child poverty trends and develop targeted interventions to address the economic challenges facing young children in Kentucky.

Q: Are there update delays or limitations?

A: The data is published annually, with a delay of approximately one year.

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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 Kentucky (PPCILB0T4KY21000A156NCEN), retrieved from FRED.
Economic Data: 90% Confidence Interval Lower Bound of Est...