90% Confidence Interval Upper Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Minnesota
PPCIUB5T17MN27000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.40
Year-over-Year Change
-27.27%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend estimates the upper bound of the 90% confidence interval for the percentage of related children aged 5-17 in families living in poverty in Minnesota. It provides insight into poverty levels among youth 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 for Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Minnesota is a statistical measure that helps quantify the uncertainty around poverty estimates for this demographic group. It is used by policymakers and researchers to understand the scope of child poverty in the state.
Methodology
This data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Trends in child poverty are closely watched by economists and policymakers to inform social welfare programs and economic development initiatives.
Key Facts
- The upper bound was 16.4% in 2021.
- Child poverty is a key indicator of economic inequality.
- Minnesota's child poverty rate has fluctuated over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend estimates the upper bound of the 90% confidence interval for the percentage of related children aged 5-17 in families living in poverty in Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Trends in child poverty are closely watched by policymakers and researchers to understand the scope of economic hardship faced by families and inform social welfare programs.
Q: How is this data collected or calculated?
A: This data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Poverty statistics like this upper bound estimate are used by economists and institutions to monitor economic conditions and develop policies to address social welfare needs.
Q: Are there update delays or limitations?
A: This data is subject to the typical update schedule and limitations of the American Community Survey.
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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 Minnesota (PPCIUB5T17MN27000A156NCEN), retrieved from FRED.