90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for Montana
PPCIUBAAMT30000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.30
Year-over-Year Change
-21.66%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend provides an upper bound estimate for the 90% confidence interval of the percentage of people in Montana living in poverty. It is an important measure for understanding the economic well-being and vulnerability of Montana'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 Montana represents the upper range of the 90% confidence interval around the estimated poverty rate for the state. This metric helps policymakers and researchers assess the potential scale of poverty in Montana and track changes over time.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This poverty rate estimate is used to inform economic and social policies that aim to reduce hardship and support low-income residents in Montana.
Key Facts
- The most recent upper bound estimate is X.X%.
- Montana's poverty rate is higher than the national average.
- Poverty disproportionately affects certain demographics in Montana.
FAQs
Q: What does this economic trend measure?
A: This trend provides an upper bound estimate for the 90% confidence interval of the percentage of people in Montana living in poverty. It helps quantify the scale of poverty in the state.
Q: Why is this trend relevant for users or analysts?
A: This poverty rate estimate is important for understanding economic well-being and informing policies and programs aimed at reducing hardship for low-income residents in Montana.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Policymakers and researchers use this poverty rate estimate to assess the potential scale of economic hardship in Montana and track changes over time, informing policies and programs to support low-income residents.
Q: Are there update delays or limitations?
A: There may be lags in data availability and the estimate has a 90% confidence interval, so the true poverty rate could differ from the upper bound.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for Montana (PPCIUBAAMT30000A156NCEN), retrieved from FRED.