90% Confidence Interval Upper Bound of Estimate of Percent of People Under Age 5 in Poverty for District of Columbia
This dataset tracks 90% confidence interval upper bound of estimate of percent of people under age 5 in poverty for district of columbia over time.
Latest Value
24.10
Year-over-Year Change
-28.27%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimated percent of people under age 5 living in poverty in the District of Columbia. It provides insight into the financial well-being of young children in the nation's capital.
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 upper bound of the 90% confidence interval for the poverty rate of children under 5 in DC is a key indicator of economic hardship and inequality. It helps policymakers and analysts understand the range of uncertainty around the true poverty level for this vulnerable population.
Methodology
The data is calculated using the U.S. Census Bureau's annual Small Area Income and Poverty Estimates (SAIPE) program.
Historical Context
This metric is used by government agencies, nonprofits, and researchers to assess and address child poverty in the District of Columbia.
Key Facts
- The upper bound was 21.2% in 2020.
- Child poverty disproportionately affects minority communities in DC.
- Poverty can negatively impact early childhood development and long-term outcomes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimated percent of people under age 5 living in poverty in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the range of uncertainty around the true child poverty rate in DC, helping policymakers and researchers understand the scale of economic hardship facing young children in the nation's capital.
Q: How is this data collected or calculated?
A: The data is calculated using the U.S. Census Bureau's annual Small Area Income and Poverty Estimates (SAIPE) program.
Q: How is this trend used in economic policy?
A: This metric is used by government agencies, nonprofits, and researchers to assess and address child poverty in the District of Columbia, informing policies and programs aimed at supporting low-income families and promoting economic opportunity.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical release lag of about 1 year. The confidence interval provides a range around the estimated poverty rate, reflecting the statistical uncertainty inherent in these small-area 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 District of Columbia (PPCIUB0T4DC11000A156NCEN), retrieved from FRED.