90% Confidence Interval Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for Montana
PPCIUBU18MT30000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.80
Year-over-Year Change
-37.27%
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 Montana. It provides a statistical range to understand the uncertainty around poverty estimates for this demographic.
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 true poverty rate among Montana's youth, given the underlying survey data. Economists and policymakers use this metric to gauge the potential scale of child poverty in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This economic indicator helps inform policies and programs aimed at addressing child poverty in Montana.
Key Facts
- The upper bound was 24.2% in 2021.
- Montana's child poverty rate is higher than the national average.
- Poverty disproportionately impacts certain demographic groups in the state.
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 Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric helps economists and policymakers understand the potential scale of child poverty in Montana, which is crucial for informing policies and programs aimed at addressing this issue.
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 indicator helps inform policies and programs aimed at addressing child poverty in Montana.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and 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 Montana (PPCIUBU18MT30000A156NCEN), retrieved from FRED.