90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for Nebraska
PPCIUBAANE31000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.60
Year-over-Year Change
-20.30%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the 90% confidence interval upper bound of the estimated poverty rate for all ages in Nebraska. It provides important insights into the social and economic well-being 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 represents the upper limit of the range within which the true poverty rate has a 90% probability of falling. This metric is used by policymakers and analysts to assess the degree of uncertainty around poverty estimates and make more informed decisions.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for evaluating the effectiveness of social programs and informing policy decisions aimed at reducing poverty in Nebraska.
Key Facts
- The 90% confidence interval upper bound for Nebraska's poverty rate was 15.5% in 2020.
- This metric has remained relatively stable over the past decade, ranging from 13.5% to 15.5%.
- Poverty rates tend to be higher in rural areas of Nebraska compared to urban centers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the 90% confidence interval upper bound of the estimated poverty rate for all ages in Nebraska. It provides a statistical range for the true poverty level in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for policymakers and analysts to assess the degree of uncertainty around poverty estimates and make more informed decisions about social programs and policies aimed at reducing poverty in Nebraska.
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: This trend is used by policymakers and economists to evaluate the effectiveness of social programs and inform decisions aimed at reducing poverty in Nebraska.
Q: Are there update delays or limitations?
A: The data is typically updated annually, and there may be some delays in the release of the latest figures.
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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 Nebraska (PPCIUBAANE31000A156NCEN), retrieved from FRED.