90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for South Carolina
This dataset tracks 90% confidence interval lower bound of estimate of percent of people under age 5 in poverty for south carolina over time.
Latest Value
18.10
Year-over-Year Change
-40.07%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the 90% confidence interval lower bound of the estimate of the percent of people under age 5 living in poverty in South Carolina. It provides critical insights into child poverty levels and economic well-being 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 represents the lowest possible value within a 90% probability range for the estimated child poverty rate in South Carolina. This metric is used by policymakers and researchers to assess the scope and severity of poverty among the state's youngest residents.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This economic indicator helps inform policy decisions and resource allocation related to childhood poverty in South Carolina.
Key Facts
- The 90% confidence interval lower bound was 18.6% in 2021.
- South Carolina had one of the highest child poverty rates in the U.S. in recent years.
- 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 90% confidence interval lower bound of the estimated percent of people under age 5 living in poverty in South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the scale and severity of childhood poverty in South Carolina, informing policymaking and resource allocation to support vulnerable families and children.
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 indicator helps policymakers and economists understand the economic well-being of young children in South Carolina, guiding decisions on social programs, poverty reduction initiatives, and investments in early childhood development.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 year delay, and the confidence interval may vary depending on survey sample sizes.
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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 South Carolina (PPCILB0T4SC45000A156NCEN), retrieved from FRED.