90% Confidence Interval Lower Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for West Virginia
PPCILB5T17WV54000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.10
Year-over-Year Change
-25.00%
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 West Virginia. It provides a statistically robust assessment of child poverty 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 lower bound of the 90% confidence interval for the child poverty rate in West Virginia offers a conservative estimate of the prevalence of poverty among this vulnerable population. Policymakers and researchers use this measure to gauge the extent of economic hardship faced by families with school-age children in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is crucial for informing policy decisions aimed at reducing childhood poverty and promoting economic opportunity.
Key Facts
- The lower bound is a conservative estimate of the child poverty rate.
- This trend helps measure economic hardship faced by West Virginia families.
- Policymakers use this data to inform decisions on reducing childhood poverty.
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 West Virginia.
Q: Why is this trend relevant for users or analysts?
A: This measure provides a statistically robust assessment of child poverty in West Virginia, which is crucial for informing policy decisions aimed at reducing economic hardship faced by families with school-age 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: Policymakers and researchers use this measure to gauge the extent of childhood poverty in West Virginia, which informs decisions on programs and initiatives to promote economic opportunity and wellbeing for families.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential 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 West Virginia (PPCILB5T17WV54000A156NCEN), retrieved from FRED.