90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Maryland
This dataset tracks 90% confidence interval lower bound of estimate of percent of people age 0-17 in poverty for maryland over time.
Latest Value
10.60
Year-over-Year Change
-19.70%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimated percent of people aged 0-17 living in poverty in Maryland. It provides insights into the economic well-being of children and youth 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 Age 0-17 in Poverty for Maryland represents the lower limit of the statistically significant range for the poverty rate among minors in the state. This metric is used by policymakers and researchers to assess the scale and distribution of child poverty.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for informing social and economic policies targeted at supporting low-income families and reducing child poverty.
Key Facts
- The latest value for this trend is 12.8%.
- Maryland's child poverty rate has declined over the past decade.
- Poverty disproportionately affects minority and low-income communities 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 percent of people aged 0-17 living in poverty in Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the scale and distribution of child poverty in Maryland, which is crucial for informing social and economic policies aimed at supporting low-income families and reducing poverty among minors.
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 researchers to assess the economic well-being of children and youth in Maryland, and to inform policies and programs targeted at supporting low-income families and reducing child poverty.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and 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 People Age 0-17 in Poverty for Maryland (PPCILBU18MD24000A156NCEN), retrieved from FRED.