90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for Maine
This dataset tracks 90% confidence interval upper bound of estimate of percent of people of all ages in poverty for maine over time.
Latest Value
11.00
Year-over-Year Change
-25.17%
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 people of all ages in poverty in Maine. It provides insights into the distribution of poverty levels within 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 People of All Ages in Poverty for Maine is a statistical measure that helps economists and policymakers understand the range of poverty levels in the state. It represents the upper bound of the 90% confidence interval, indicating the highest plausible value for the poverty rate.
Methodology
The data is collected and calculated by the U.S. Census Bureau using survey-based methods.
Historical Context
This trend is used by economists, policymakers, and social service providers to inform poverty reduction strategies and target resources effectively.
Key Facts
- The upper bound of the 90% confidence interval for Maine's poverty rate was 14.6% in 2019.
- Poverty rates vary significantly across different regions and demographic groups within Maine.
- This trend is an important indicator for policymakers seeking to address economic disparities 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 percent of people of all ages living in poverty in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the distribution of poverty levels within Maine, helping policymakers and economists understand the potential range of poverty rates and inform targeted interventions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau using survey-based methods.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and social service providers to inform poverty reduction strategies and target resources effectively within the state of Maine.
Q: Are there update delays or limitations?
A: The data is updated annually, with a potential delay of several months. Limitations include sample size and survey methodology, which may affect the precision of the estimates.
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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 Maine (PPCIUBAAME23000A156NCEN), retrieved from FRED.