90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for Rhode Island
PPCIUBAARI44000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
-21.05%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimated poverty rate in Rhode Island across all ages. It provides important context for understanding the range of uncertainty around poverty estimates in 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 for the Rhode Island poverty rate represents the highest plausible value for the true poverty rate given the survey data. This helps economists and policymakers assess the severity of poverty in the state and track changes over time.
Methodology
The data is calculated from U.S. Census Bureau survey responses using statistical methods.
Historical Context
This poverty trend is used to inform policies and programs aimed at reducing economic hardship.
Key Facts
- Rhode Island's 90% confidence interval upper bound for the poverty rate was 13.4% in 2021.
- The upper bound has remained relatively stable over the past decade.
- Poverty data helps target resources and track progress on economic development goals.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimated poverty rate in Rhode Island across all ages.
Q: Why is this trend relevant for users or analysts?
A: The confidence interval provides important context for understanding the range of uncertainty around poverty estimates, helping economists and policymakers assess the severity of poverty in the state.
Q: How is this data collected or calculated?
A: The data is calculated from U.S. Census Bureau survey responses using statistical methods.
Q: How is this trend used in economic policy?
A: This poverty trend is used to inform policies and programs aimed at reducing economic hardship in Rhode Island.
Q: Are there update delays or limitations?
A: The data is subject to the sampling and survey limitations of the underlying Census Bureau surveys.
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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 Rhode Island (PPCIUBAARI44000A156NCEN), retrieved from FRED.