90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for Wisconsin
PPCILB0T4WI55000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.30
Year-over-Year Change
-41.15%
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 Wisconsin. It provides insight into the state's child poverty levels and can inform social welfare policies.
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 the estimate of percent of people under age 5 in poverty in Wisconsin represents the lowest plausible value for this statistic, given the underlying data. It is used by economists and policymakers to assess the prevalence of childhood poverty in the state and evaluate the effectiveness of anti-poverty programs.
Methodology
This data is collected through the U.S. Census Bureau's annual poverty estimates.
Historical Context
The trend is relevant for state-level policy decisions regarding social safety net programs and resource allocation.
Key Facts
- The lower bound was 12.4% in 2019.
- Childhood poverty is a key indicator of overall economic well-being.
- Wisconsin's child poverty rate is lower than the national average.
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 Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the prevalence of childhood poverty in Wisconsin, which is a key metric for evaluating the effectiveness of social welfare programs and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual poverty estimates.
Q: How is this trend used in economic policy?
A: This trend is used by state-level policymakers and economists to assess the need for and allocate resources to social safety net programs targeting child poverty in Wisconsin.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical release delay of several months. The estimates may be subject to sampling error and other methodological limitations.
Related Trends
Chain-Type Quantity Index for Real GDP: Legal Services (5411) in Wisconsin
WILEGALQGSP
Real Gross Domestic Product: Private Industries in Wisconsin
WIPIRQGSP
Housing Inventory: Median Listing Price per Square Feet in Wisconsin
MEDLISPRIPERSQUFEEWI
Number of Identified Exporters to Norway from Wisconsin
WINORA475SCEN
Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Wisconsin
WIDURMANRQGSP
Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Wisconsin
WIARTENTRECNQGSP
Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for Wisconsin (PPCILB0T4WI55000A156NCEN), retrieved from FRED.