90% Confidence Interval Upper Bound of Estimate of Percent of People Under Age 5 in Poverty for Alabama
PPCIUB0T4AL01000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.80
Year-over-Year Change
-24.62%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend estimates the upper bound of the 90% confidence interval for the percent of people under age 5 living in poverty in Alabama. It provides important insights into child poverty levels and economic well-being 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 Upper Bound of Estimate of Percent of People Under Age 5 in Poverty for Alabama tracks the upper limit of the statistical range within which the true poverty rate for young children in the state is expected to fall, with 90% confidence. This metric helps analysts and policymakers understand the extent of childhood poverty and target anti-poverty initiatives.
Methodology
The data is calculated based on survey responses and statistical modeling by the U.S. Census Bureau.
Historical Context
This trend is used by economists, researchers, and policymakers to assess economic conditions and guide poverty reduction programs in Alabama.
Key Facts
- The upper bound of the 90% confidence interval was 26.7% in 2020.
- This suggests at least a quarter of Alabama's young children were living in poverty.
- Reducing childhood poverty is a key policy priority for the state.
FAQs
Q: What does this economic trend measure?
A: This trend estimates the upper bound of the 90% confidence interval for the percent of people under age 5 living in poverty in Alabama. It provides a statistical range for the true childhood poverty rate in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric helps economists, policymakers, and the public understand the extent of childhood poverty in Alabama, which is crucial for targeting anti-poverty initiatives and tracking progress.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on survey responses and statistical modeling.
Q: How is this trend used in economic policy?
A: This trend is used by analysts and policymakers to assess economic conditions and guide poverty reduction programs in Alabama.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of Percent of People Under Age 5 in Poverty for Alabama (PPCIUB0T4AL01000A156NCEN), retrieved from FRED.