90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Kentucky
This dataset tracks 90% confidence interval lower bound of estimate of percent of people of all ages in poverty for kentucky over time.
Latest Value
15.80
Year-over-Year Change
-15.51%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the lower bound of the 90% confidence interval for the estimated percent of people of all ages in poverty in Kentucky. It provides insight into the range of poverty levels 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 People of All Ages in Poverty for Kentucky is a statistical metric used to assess the reliability of poverty estimates for the state. It represents the lower end of the range within which the true poverty rate is likely to fall, given sampling and measurement uncertainties.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is used by policymakers and economists to understand the scale and distribution of poverty in Kentucky and inform social welfare programs and economic development initiatives.
Key Facts
- The 90% confidence interval lower bound indicates the minimum poverty rate in Kentucky.
- Poverty estimates are subject to statistical uncertainty due to sampling and measurement error.
- Policymakers use this trend to set targets and evaluate the effectiveness of anti-poverty programs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimated percent of people of all ages living in poverty in Kentucky.
Q: Why is this trend relevant for users or analysts?
A: The confidence interval provides a reliable range for the true poverty rate, which is important for policymakers and economists to assess the scale and distribution of 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 trend is used by policymakers and economists to inform social welfare programs and economic development initiatives in Kentucky.
Q: Are there update delays or limitations?
A: The data is subject to sampling and measurement uncertainties, which can lead to update delays and limitations in its interpretation.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Kentucky (PPCILBAAKY21000A156NCEN), retrieved from FRED.