90% Confidence Interval Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for New Mexico
This dataset tracks 90% confidence interval upper bound of estimate of percent of people age 0-17 in poverty for new mexico over time.
Latest Value
24.00
Year-over-Year Change
-21.31%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimated percentage of people aged 0-17 living in poverty in New Mexico. It provides important insights into the state's child poverty levels.
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 New Mexico represents the upper end of the statistical range for the state's child poverty rate. This metric is used by economists and policymakers to analyze the scale and severity of poverty among young populations.
Methodology
The data is collected and calculated by the U.S. Census Bureau as part of its annual poverty estimates.
Historical Context
This trend helps inform policies and programs targeting child poverty in New Mexico.
Key Facts
- New Mexico has historically had one of the highest child poverty rates in the U.S.
- The 90% confidence interval provides a statistical range to account for sampling error.
- This metric is a key input for programs and policies targeting childhood poverty reduction.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimated percentage of people aged 0-17 living in poverty in New Mexico.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the scale and severity of child poverty in New Mexico, helping to inform policies and programs targeting this issue.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau as part of its annual poverty estimates.
Q: How is this trend used in economic policy?
A: This trend helps inform policies and programs targeting child poverty in New Mexico, a state with historically high rates of poverty among young populations.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and sampling limitations of the Census Bureau's poverty estimates.
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Citation
U.S. Census Bureau, 90% Confidence Interval Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for New Mexico (PPCIUBU18NM35000A156NCEN), retrieved from FRED.