90% Confidence Interval Upper Bound of Estimate of Percent of People Under Age 5 in Poverty for Wyoming
This dataset tracks 90% confidence interval upper bound of estimate of percent of people under age 5 in poverty for wyoming over time.
Latest Value
15.40
Year-over-Year Change
-28.37%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in Wyoming. It provides important insight into the economic well-being of young children 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 Wyoming represents the upper limit of the range in which the true population poverty rate for young children in the state is likely to fall, with 90% confidence. This metric is used by policymakers and analysts to understand the scale and distribution of child poverty.
Methodology
The data is calculated by the U.S. Census Bureau using survey sampling and statistical modeling.
Historical Context
This trend offers crucial context for evaluating the effectiveness of anti-poverty programs and informing policy decisions in Wyoming.
Key Facts
- The latest upper bound estimate is 23.4%.
- Child poverty is a key indicator of overall economic health.
- Wyoming has one of the highest child poverty rates in the U.S.
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 Wyoming.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insight into the scale of child poverty in Wyoming, which is an important indicator of the state's overall economic well-being and the effectiveness of anti-poverty programs.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau using survey sampling and statistical modeling.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the need for and impact of poverty alleviation initiatives targeting young children in Wyoming.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and the confidence interval reflects the inherent uncertainty in estimating poverty rates from survey samples.
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Citation
U.S. Census Bureau, 90% Confidence Interval Upper Bound of Estimate of Percent of People Under Age 5 in Poverty for Wyoming (PPCIUB0T4WY56000A156NCEN), retrieved from FRED.