90% Confidence Interval Lower Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Wyoming
This dataset tracks 90% confidence interval lower bound of estimate of percent of related children age 5-17 in families in poverty for wyoming over time.
Latest Value
9.30
Year-over-Year Change
-22.50%
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 U.S. state of Wyoming. It provides insight into the economic well-being of families 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 Wyoming represents a statistical estimate of the minimum level of child poverty in the state, accounting for sampling uncertainty. This metric is used by policymakers and researchers to assess the extent of economic hardship faced by families in Wyoming.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This economic indicator is relevant for informing social welfare policies and resource allocation decisions in Wyoming.
Key Facts
- The lower bound was 12.4% in 2021.
- This metric has declined from a high of 16.7% in 2014.
- Wyoming's child poverty rate is below 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 related children aged 5-17 living in poverty in the U.S. state of Wyoming.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic well-being of families in Wyoming and is used by policymakers and researchers to assess the extent of child poverty in the state.
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: This economic indicator is relevant for informing social welfare policies and resource allocation decisions in Wyoming.
Q: Are there update delays or limitations?
A: The data may be subject to sampling and estimation uncertainty inherent in survey-based measurements.
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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 Wyoming (PPCILB5T17WY56000A156NCEN), retrieved from FRED.