90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for Arizona
PPCIUBAAAZ04000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.90
Year-over-Year Change
-33.51%
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 of all ages living in poverty in Arizona. It provides important insights into the economic well-being and vulnerability of the state's population.
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 of All Ages in Poverty for Arizona represents the upper limit of the range within which the true poverty rate is expected to fall, with 90% confidence. This metric is crucial for policymakers, researchers, and analysts to understand the scale and distribution of poverty in the state.
Methodology
The data is calculated by the U.S. Census Bureau using statistical modeling techniques applied to survey data.
Historical Context
This economic trend is widely used to inform poverty alleviation policies and programs, as well as to analyze the economic conditions and vulnerabilities within the state.
Key Facts
- The upper bound of the 90% confidence interval reached 20.8% in 2020.
- Arizona's poverty rate has been consistently higher than the national average.
- Poverty disproportionately affects certain demographic groups in the state.
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 of all ages living in poverty in Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the scale and distribution of poverty in Arizona, which informs policymaking and programs aimed at addressing economic vulnerability in the state.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau using statistical modeling techniques applied to survey data.
Q: How is this trend used in economic policy?
A: This trend is widely used to inform poverty alleviation policies and programs, as well as to analyze the economic conditions and vulnerabilities within the state.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying survey information collected by the Census Bureau.
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Citation
U.S. Census Bureau, 90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for Arizona (PPCIUBAAAZ04000A156NCEN), retrieved from FRED.