90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for District of Columbia
PPCIUBAADC11000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.30
Year-over-Year Change
-18.50%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the upper bound of the 90% confidence interval for the estimated percentage of people of all ages living in poverty in the District of Columbia. It provides insight into the distribution of poverty levels across the region.
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 the Percent of People of All Ages in Poverty represents the upper limit of the range within which the true poverty rate is estimated to fall, with 90% confidence. This metric is used by economists and policymakers to understand the scale and uncertainty around poverty in a given area.
Methodology
The data is collected and calculated by the U.S. Census Bureau through statistical sampling and modeling.
Historical Context
This trend is relevant for assessing the economic conditions and targeting social programs in the District of Columbia.
Key Facts
- The upper bound has ranged from 17.3% to 18.7% since 2011.
- Poverty affects 1 in 6 people in the District of Columbia.
- The poverty rate is higher in DC than 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 people of all ages living in poverty in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and uncertainty around poverty levels in the District, which is useful for economists and policymakers targeting social programs and interventions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through statistical sampling and modeling.
Q: How is this trend used in economic policy?
A: This trend is relevant for assessing the economic conditions and targeting social programs in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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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 District of Columbia (PPCIUBAADC11000A156NCEN), retrieved from FRED.