90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for Hawaii
PPCIUBAAHI15000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.70
Year-over-Year Change
-15.08%
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 Hawaii. It provides insight into the statistical reliability of poverty estimates and is an important metric for policymakers and economists analyzing economic well-being.
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 the poverty estimate for Hawaii represents the upper limit of the range within which the true poverty rate is expected to fall 90% of the time. This statistic helps quantify the uncertainty around poverty measurements and informs efforts to reduce economic hardship.
Methodology
The data is calculated by the U.S. Census Bureau using survey data and statistical modeling techniques.
Historical Context
This metric is used by policymakers, economists, and anti-poverty organizations to monitor economic conditions and target resources effectively.
Key Facts
- The upper bound was 16.3% in 2021.
- Hawaii's poverty rate is lower than the national average.
- Poverty data helps guide anti-poverty programs and investments.
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 Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the statistical reliability of poverty estimates, which is important for policymakers and economists analyzing economic well-being and targeting resources effectively.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau using survey data and statistical modeling techniques.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and anti-poverty organizations to monitor economic conditions and target resources effectively.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in the availability of the most recent figures.
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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 Hawaii (PPCIUBAAHI15000A156NCEN), retrieved from FRED.