90% Confidence Interval Upper Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Connecticut
PPCIUB5T17CT09000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.60
Year-over-Year Change
-4.90%
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 related children aged 5-17 living in families in poverty within the state of Connecticut.
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 for this poverty rate estimate helps economists and policymakers understand the range of plausible values for the true underlying poverty rate in Connecticut. This provides useful context for interpreting the point estimate and assessing economic hardship.
Methodology
The data is calculated from survey responses by the U.S. Census Bureau.
Historical Context
This poverty rate trend informs decisions around social programs and economic policies targeting child and family wellbeing.
Key Facts
- The latest upper bound estimate is 15.7%.
- This trend data is available annually since 2005.
- Connecticut's poverty rate tends to be below the national average.
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 related children aged 5-17 living in families in poverty within the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This poverty rate trend provides useful context for interpreting the point estimate and assessing economic hardship, informing decisions around social programs and economic policies targeting child and family wellbeing.
Q: How is this data collected or calculated?
A: The data is calculated from survey responses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This poverty rate trend informs decisions around social programs and economic policies targeting child and family wellbeing.
Q: Are there update delays or limitations?
A: This trend data is available annually since 2005.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Connecticut (PPCIUB5T17CT09000A156NCEN), retrieved from FRED.