90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Hawaii
This dataset tracks 90% confidence interval lower bound of estimate of percent of people age 0-17 in poverty for hawaii over time.
Latest Value
10.70
Year-over-Year Change
-31.85%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator provides the lower bound of the 90% confidence interval for the estimated percentage of people aged 0-17 living in poverty in Hawaii. Understanding poverty trends is crucial for policymakers and economists assessing the well-being of local populations.
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 Age 0-17 in Poverty for Hawaii represents the lower end of the statistical uncertainty range around the estimated child poverty rate in the state. This metric helps quantify the precision of poverty estimates and identify high-risk populations.
Methodology
The data is calculated by the U.S. Census Bureau using survey responses and statistical modeling.
Historical Context
This poverty trend informs policy decisions and resource allocation by governments and non-profits focused on reducing child and family hardship.
Key Facts
- Hawaii has the 11th highest child poverty rate in the U.S.
- The 90% confidence interval lower bound was 13.9% in 2021.
- Poverty disproportionately impacts Native Hawaiian and Pacific Islander children.
FAQs
Q: What does this economic trend measure?
A: This indicator provides the lower bound of the 90% confidence interval for the estimated percentage of people aged 0-17 living in poverty in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: Understanding poverty trends, including statistical uncertainty, is crucial for policymakers and economists assessing the well-being of local populations and targeting resources effectively.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau using survey responses and statistical modeling.
Q: How is this trend used in economic policy?
A: This poverty metric informs policy decisions and resource allocation by governments and non-profits focused on reducing child and family hardship.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and statistical limitations of the U.S. Census Bureau's poverty estimates.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Hawaii (PPCILBU18HI15000A156NCEN), retrieved from FRED.