90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Mississippi
PPCILBU18MS28000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.10
Year-over-Year Change
-26.67%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimated poverty rate among people aged 0-17 in Mississippi. It provides a reliable range for assessing the prevalence of child poverty 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 for the child poverty rate in Mississippi offers a conservative estimate for policymakers and researchers to understand the scale of economic hardship faced by the state's youngest residents. It is an important metric for evaluating the effectiveness of anti-poverty programs and informing decisions to support vulnerable families.
Methodology
The data is collected through the U.S. Census Bureau's annual survey on income and poverty.
Historical Context
This metric is used by government agencies, nonprofits, and economists to track trends in childhood poverty and inform policies that aim to reduce economic disparities.
Key Facts
- Mississippi has one of the highest child poverty rates in the U.S.
- The lower bound of the 90% confidence interval was 26.6% in 2021.
- Reducing childhood poverty is a key policy priority for 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 poverty rate among people aged 0-17 in Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a conservative estimate of childhood poverty in Mississippi, which is crucial for understanding the scale of economic hardship faced by the state's youngest residents and informing policies to support vulnerable families.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual survey on income and poverty.
Q: How is this trend used in economic policy?
A: This metric is used by government agencies, nonprofits, and economists to track trends in childhood poverty and inform policies that aim to reduce economic disparities.
Q: Are there update delays or limitations?
A: The data is typically released with a one-year delay, and the confidence interval may be subject to sampling and estimation uncertainties.
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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 Mississippi (PPCILBU18MS28000A156NCEN), retrieved from FRED.