90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for South Carolina
This dataset tracks 90% confidence interval upper bound of estimate of percent of people of all ages in poverty for south carolina over time.
Latest Value
14.20
Year-over-Year Change
-26.04%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend estimates the upper bound of the 90% confidence interval for the percent of people of all ages in poverty in South Carolina. It provides important insights into the scale and distribution of poverty 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 of Estimate of Percent of People of All Ages in Poverty for South Carolina is a statistical measure that helps quantify the uncertainty around poverty estimates for the state. It represents the upper limit of the 90% confidence range, indicating the highest plausible value for the true poverty rate.
Methodology
This data is collected and calculated by the U.S. Census Bureau using survey responses and statistical modeling.
Historical Context
Policymakers and analysts use this trend to assess the prevalence and severity of poverty in South Carolina and inform social programs and economic development initiatives.
Key Facts
- The latest upper bound estimate is 17.3%.
- This trend has shown a gradual decline over the past decade.
- South Carolina's poverty rate remains above the national average.
FAQs
Q: What does this economic trend measure?
A: This trend estimates the upper bound of the 90% confidence interval for the percent of people of all ages living in poverty in South Carolina. It provides a statistical range for the true poverty rate in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend offers important insights into the scale and distribution of poverty in South Carolina, which can inform policymaking, resource allocation, and efforts to address economic inequality in the state.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys and applies statistical modeling to estimate the 90% confidence interval upper bound for the state's poverty rate.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the prevalence and severity of poverty in South Carolina, and to inform the design and implementation of social programs, economic development initiatives, and other policies aimed at reducing poverty and inequality.
Q: Are there update delays or limitations?
A: This data is published annually with a lag, and the confidence interval estimates may be subject to sampling and modeling uncertainties inherent in survey-based poverty measurement.
Related News
U.S. Stock Indices Rebound After Tech Stocks' Recent Decline
US Stock Indices Rebound: Understanding the Market Recovery The recent surge in the US stock market marks a significant upturn, with key indices such as the Nasdaq and S&P 500 leading this recovery. The primary metric underpinning these shifts is the civilian employment-to-population ratio, reflecting positive economic momentum. This boost in indices can be linked to a complex interplay of factors, including recent economic data, renewed market optimism, and evolving investor behavior, casting
US Housing Giant Hopes Fed Policies Boost Sagging Profits
Revitalizing S&P 500 Housing with Federal Reserve Policies The primary keyword, "Treasury Yield," has become an increasingly critical focus within the realm of the S&P 500 housing market. Current fluctuations in bond rates, particularly the 10-year bond rate, are causing waves in the already volatile US housing market. This situation is marked by a profit decline experienced by major housing giants, as economic uncertainty steers investor confidence. The Federal Reserve's policies and interest
Federal Reserve rate cuts forecast and S&P 500 market reaction
How Federal Reserve Rate Cuts Shape the Economic Landscape The Federal Reserve's decisions impact the financial environment in various ways, often triggering shifts that ripple throughout the economy. The act of altering the effective federal funds rate influences a broad spectrum of financial metrics, including the S&P 500. Notably, these changes have repercussions for market volatility, investor confidence, and the broader economic outlook. Understanding these connections helps place today's
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures struggle to show a definite trend despite favorable economic signals. These signals, such as jobless claims and Q2 GDP figures, suggest a healthy economy. Given the roles of the stock market and the Federal Reserve's decisions on rate hikes, it is surprising to witness this stagnation. Inflation trends and the Fed's signals about future policies pla
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Census Bureau, 90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for South Carolina (PPCIUBAASC45000A156NCEN), retrieved from FRED.