90% Confidence Interval Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for Maine
This dataset tracks 90% confidence interval upper bound of estimate of percent of people age 0-17 in poverty for maine over time.
Latest Value
13.70
Year-over-Year Change
-32.51%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimated percent of people aged 0-17 living in poverty in Maine. It provides insight into the economic well-being of Maine's youth 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 Age 0-17 in Poverty for Maine represents the upper limit of the range in which the true poverty rate for Maine's youth population is likely to fall, with 90% confidence. This metric is used by policymakers and researchers to understand the scale and distribution of child poverty in the state.
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 anti-poverty programs and informing policy decisions aimed at improving economic outcomes for Maine's children.
Key Facts
- The upper bound estimate for Maine's child poverty rate was 23.0% in the most recent year.
- Maine's child poverty upper bound is higher than the national average.
- Reducing child poverty is a key policy priority for Maine's state government.
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 Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale of child poverty in Maine, which is important for policymakers and researchers aiming to improve economic outcomes for the state's youth population.
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 analysts to evaluate the effectiveness of anti-poverty programs and inform policy decisions aimed at reducing child poverty in Maine.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the American Community Survey.
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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 Maine (PPCIUBU18ME23000A156NCEN), retrieved from FRED.