90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Rhode Island
PPCILBU18RI44000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.70
Year-over-Year Change
-32.84%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the lower bound of the 90% confidence interval for the estimated percentage of people aged 0-17 living in poverty in Rhode Island. It provides insight into economic hardship and inequality among the state's youth population.
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 Rhode Island represents a statistical estimate of the lower range of the poverty rate for children and adolescents in the state. It is used by policymakers and researchers to understand the extent of economic disadvantage faced by young Rhode Islanders.
Methodology
This data is collected through the U.S. Census Bureau's annual surveys and population estimates.
Historical Context
The poverty rate for youth is a key metric used to inform social welfare and education policies in Rhode Island.
Key Facts
- The 90% confidence interval lower bound was 13.4% in 2021.
- This metric has remained relatively stable over the past decade.
- Rhode Island's youth poverty rate is higher than the national average.
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 aged 0-17 living in poverty in Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: The youth poverty rate is a key indicator of economic hardship and inequality, and is used by policymakers and researchers to understand the extent of disadvantage faced by young Rhode Islanders.
Q: How is this data collected or calculated?
A: This data is collected through the U.S. Census Bureau's annual surveys and population estimates.
Q: How is this trend used in economic policy?
A: The poverty rate for youth is a key metric used to inform social welfare and education policies in Rhode Island.
Q: Are there update delays or limitations?
A: This data is published annually with a brief delay, and may be subject to sampling and estimation errors.
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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 Rhode Island (PPCILBU18RI44000A156NCEN), retrieved from FRED.