90% Confidence Interval Lower Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Virginia
PPCILB5T17VA51000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.50
Year-over-Year Change
-15.44%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend estimates the lower bound of the 90% confidence interval for the percentage of related children aged 5-17 living in poverty in the state of Virginia. It provides insight into the distribution of poverty among families with children 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 Related Children Age 5-17 in Families in Poverty for Virginia represents the lower limit of the 90% statistical confidence range for this poverty metric. It is used by policymakers and analysts to assess the prevalence and potential range of child poverty in the state.
Methodology
This data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Trends in child poverty are closely monitored by economists and policymakers to inform decisions on social programs and economic development initiatives.
Key Facts
- The data is reported annually.
- Virginia's child poverty rate has fluctuated in recent years.
- Reducing child poverty is a key policy priority for many state governments.
FAQs
Q: What does this economic trend measure?
A: This trend estimates the lower bound of the 90% confidence interval for the percentage of related children aged 5-17 living in poverty in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: Trends in child poverty are closely monitored by policymakers and economists to assess the well-being of families and inform decisions on social programs and economic development.
Q: How is this data collected or calculated?
A: This 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 analysts use this metric to understand the prevalence and potential range of child poverty in Virginia, which informs decisions on social programs and economic development initiatives.
Q: Are there update delays or limitations?
A: This data is reported annually, so there may be a delay between the reference period and the data release.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Virginia (PPCILB5T17VA51000A156NCEN), retrieved from FRED.