90% Confidence Interval Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for Maryland
PPCIUBU18MD24000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
-17.81%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the upper bound of the 90% confidence interval for the estimated percent of people aged 0-17 living in poverty in Maryland. It provides a statistical range for assessing poverty levels among children 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 represents the highest plausible value for the poverty rate among Maryland's youth population, based on survey data and statistical modeling. This metric helps policymakers and analysts understand the scale and uncertainty around child poverty in the state.
Methodology
The data is calculated from U.S. Census Bureau survey responses using statistical modeling techniques.
Historical Context
This trend informs decision-making around social programs and economic policies aimed at reducing child poverty in Maryland.
Key Facts
- Maryland's 90% confidence interval upper bound for child poverty was 17.1% in 2020.
- Child poverty is a key indicator of economic and social well-being in local communities.
- Reducing child poverty is a policy priority for many state and local governments.
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 aged 0-17 living in poverty in Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric helps policymakers and analysts understand the scale and uncertainty around child poverty in the state, informing decisions around social programs and economic policies.
Q: How is this data collected or calculated?
A: The data is calculated from U.S. Census Bureau survey responses using statistical modeling techniques.
Q: How is this trend used in economic policy?
A: This trend informs decision-making around social programs and economic policies aimed at reducing child poverty in Maryland.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication and revision schedule of the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for Maryland (PPCIUBU18MD24000A156NCEN), retrieved from FRED.