90% Confidence Interval Lower Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Washington
PPCILB5T17WA53000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.50
Year-over-Year Change
-35.19%
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 Washington. It provides insights into the economic well-being of families and 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 for the percent of related children age 5-17 in families in poverty is a statistical measure that helps quantify the uncertainty around the poverty estimate for this demographic in Washington. It is used by policymakers and economists to understand the scale and distribution of child poverty in the state.
Methodology
This data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend can inform policies and programs aimed at reducing child poverty and supporting low-income families in Washington.
Key Facts
- The 90% confidence interval lower bound for child poverty in Washington was 10.5% in the latest data.
- This measure helps quantify the uncertainty around the child poverty estimate for the state.
- The data is collected through the U.S. Census Bureau's American Community Survey.
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 Washington state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the scale and distribution of child poverty in Washington, which is important for policymakers and economists to understand in order to develop effective programs and policies to support low-income families and children.
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: This trend can inform policies and programs aimed at reducing child poverty and supporting low-income families in Washington.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and limitations of the American Community Survey.
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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 Washington (PPCILB5T17WA53000A156NCEN), retrieved from FRED.