90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Rhode Island
PPCILBAARI44000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.80
Year-over-Year Change
-23.94%
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 people of all ages living in poverty in Rhode Island. It provides important insights into the state's economic well-being and social safety net.
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 Rhode Island is a key metric used by economists and policymakers to assess poverty levels and target social programs. It represents the lower end of the statistically reliable range for the state's poverty rate.
Methodology
This data is collected and calculated by the U.S. Census Bureau through the American Community Survey.
Historical Context
Policymakers and social service providers use this trend to inform decisions about resource allocation and program implementation.
Key Facts
- The current lower bound is X.X%.
- Rhode Island's poverty rate has declined by Y% over the past 5 years.
- Poverty disproportionately affects certain demographic groups in the state.
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 people of all ages living in poverty in Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic well-being and social safety net in Rhode Island, helping policymakers and service providers make informed decisions about resource allocation and program implementation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through the American Community Survey.
Q: How is this trend used in economic policy?
A: Policymakers and social service providers use this trend to inform decisions about resource allocation and program implementation aimed at addressing poverty in Rhode Island.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological constraints of the American Community Survey.
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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 Rhode Island (PPCILBAARI44000A156NCEN), retrieved from FRED.