90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Washington
This dataset tracks 90% confidence interval lower bound of estimate of percent of people age 0-17 in poverty for washington over time.
Latest Value
11.50
Year-over-Year Change
-35.75%
Date Range
1/1/1989 - 1/1/2023
Summary
The 90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Washington tracks the lower end of the confidence interval for the estimated poverty rate among minors in the state. This metric is crucial for policymakers and economists to assess the economic well-being of vulnerable 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
This series represents the lower bound of the 90% confidence interval for the estimated percentage of Washington residents aged 0-17 living below the poverty line. It provides a more conservative estimate than the point-in-time poverty rate, accounting for statistical uncertainty in the measurement.
Methodology
The data is collected through the U.S. Census Bureau's annual Current Population Survey.
Historical Context
Poverty rate estimates and confidence intervals are used by government agencies and researchers to guide social welfare programs and economic policies.
Key Facts
- The data series begins in 1980.
- The lowest recorded value is 10.7% in 2000.
- The highest recorded value is 16.4% in 2011.
FAQs
Q: What does this economic trend measure?
A: This series measures the lower bound of the 90% confidence interval for the estimated percentage of people aged 0-17 living below the poverty line in Washington state.
Q: Why is this trend relevant for users or analysts?
A: The poverty rate for minors is a key indicator of economic well-being and opportunity for vulnerable populations. The confidence interval provides a more nuanced understanding of the statistical reliability of the estimates.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual Current Population Survey.
Q: How is this trend used in economic policy?
A: Poverty rate estimates and confidence intervals are used by government agencies and researchers to guide social welfare programs and economic policies targeting low-income families and children.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
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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 Washington (PPCILBU18WA53000A156NCEN), retrieved from FRED.