90% Confidence Interval Upper Bound of Estimate of Percent of People Under Age 5 in Poverty for Arkansas
PPCIUB0T4AR05000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.70
Year-over-Year Change
-31.10%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the upper bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in Arkansas. Understanding poverty rates for vulnerable populations is crucial for policymakers and economists analyzing economic well-being.
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 provides a statistical estimate of the maximum likely percentage of young children in Arkansas living below the poverty line. This metric helps analysts assess the scale and severity of childhood poverty in the state, informing social programs and economic policies.
Methodology
The data is calculated by the U.S. Census Bureau based on survey responses.
Historical Context
Poverty statistics are widely used by government, nonprofit, and academic institutions to guide policy decisions and resource allocation.
Key Facts
- The 90% confidence interval measures statistical uncertainty around the poverty estimate.
- Poverty rates are a key indicator of economic hardship and disadvantage.
- Young children are a particularly vulnerable population for poverty.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: Understanding childhood poverty rates is crucial for policymakers and economists analyzing economic well-being and informing social programs.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on survey responses.
Q: How is this trend used in economic policy?
A: Poverty statistics are widely used by government, nonprofit, and academic institutions to guide policy decisions and resource allocation.
Q: Are there update delays or limitations?
A: The data may have update delays and sampling limitations inherent to survey-based estimates.
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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 Arkansas (PPCIUB0T4AR05000A156NCEN), retrieved from FRED.