90% Confidence Interval Upper Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Illinois
PPCIUB5T17IL17000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.90
Year-over-Year Change
-27.32%
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 related children aged 5-17 living in poverty in Illinois. It provides insight into the scale and severity of child poverty 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 Related Children Age 5-17 in Families in Poverty for Illinois represents the upper limit of the statistical range within which the true poverty rate for this demographic is likely to fall, with 90% confidence. This metric is useful for economists and policymakers assessing the economic wellbeing of Illinois families.
Methodology
The data is calculated by the U.S. Census Bureau using survey responses.
Historical Context
This trend is relevant for informing poverty alleviation policies and understanding economic conditions for Illinois families.
Key Facts
- The upper bound was 18.9% in 2017.
- Child poverty disproportionately affects minority communities in Illinois.
- Reducing child poverty is a key policy goal for many Illinois legislators.
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 related children aged 5-17 living in poverty in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the scale and severity of child poverty in Illinois, which is crucial information for policymakers and economists studying economic conditions and social welfare.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau using survey responses.
Q: How is this trend used in economic policy?
A: This trend informs poverty alleviation policies and helps analysts understand the economic wellbeing of Illinois families.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to sampling and estimation errors inherent in survey-based metrics.
Related Trends
Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Illinois
ILPCEPCVEH
Total Tax Exemptions for Illinois
TOTEXMIL17A647NCEN
Average Weekly Hours of Production Employees: Wholesale Trade: Wholesale Trade Agents and Brokers in Illinois
SMU17000004142500007
All Employees: Professional and Business Services: Specialized Design Services in Illinois
SMU17000006054140001
Coefficient for Transportation Carbon Dioxide Emissions, Distillate Fuel for Illinois
EMISSCO2CDFACBILA
Real Personal Income in Illinois
ILOPER
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 Illinois (PPCIUB5T17IL17000A156NCEN), retrieved from FRED.