90% Confidence Interval Lower Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Indiana
This dataset tracks 90% confidence interval lower bound of estimate of percent of related children age 5-17 in families in poverty for indiana over time.
Latest Value
13.10
Year-over-Year Change
-33.50%
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 related children aged 5-17 living in poverty in the state of Indiana. It provides insight into the economic well-being of vulnerable families and can inform policy decisions.
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 lower bound of the 90% confidence interval for the percent of related children aged 5-17 in families in poverty in Indiana is a statistical metric used to assess poverty levels among this demographic. It represents the lowest plausible value for the true poverty rate, given the underlying data and sampling uncertainty.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This metric is used by policymakers and economists to track poverty trends and allocate resources for social programs.
Key Facts
- The lower bound estimate has ranged from 12.1% to 15.1% in the past 5 years.
- Indiana's lower bound poverty rate for children is consistently higher than the national average.
- This metric is used to target social programs and allocate federal funding for low-income families.
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 related children aged 5-17 living in poverty in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic well-being of vulnerable families in Indiana and can inform policy decisions regarding social programs and resource allocation.
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: Policymakers and economists use this metric to track poverty trends and allocate resources for social programs targeting low-income families in Indiana.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be a delay of several months between the end of the reference period and the release of the estimates.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Indiana (PPCILB5T17IN18000A156NCEN), retrieved from FRED.