90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for New Mexico
This dataset tracks 90% confidence interval lower bound of estimate of percent of people under age 5 in poverty for new mexico over time.
Latest Value
21.80
Year-over-Year Change
-31.66%
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 New Mexico. It provides insights into childhood 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 New Mexico is a metric used by economists and policymakers to assess the prevalence of childhood poverty in the state. It represents the lower end of the range in which the true poverty rate is expected to fall with 90% confidence.
Methodology
This data is collected and calculated by the U.S. Census Bureau as part of its annual poverty estimates.
Historical Context
The trend is used to inform social welfare policies and poverty alleviation programs in New Mexico.
Key Facts
- The 2021 lower bound estimate was 15.2%.
- New Mexico has consistently higher childhood poverty rates than the national average.
- Reducing childhood poverty is a key policy priority for the state government.
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 New Mexico.
Q: Why is this trend relevant for users or analysts?
A: The trend provides insights into the prevalence of childhood poverty in New Mexico, which is crucial for informing social welfare policies and poverty alleviation programs in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau as part of its annual poverty estimates.
Q: How is this trend used in economic policy?
A: The trend is used by economists and policymakers to assess the extent of childhood poverty in New Mexico and to inform social welfare policies and programs aimed at reducing poverty in the state.
Q: Are there update delays or limitations?
A: The data is released annually by the Census Bureau, so there may be a delay of several months between the reference year and the data's publication.
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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 New Mexico (PPCILB0T4NM35000A156NCEN), retrieved from FRED.