Revenue for Assisted Living Facilities for The Elderly, Establishments Exempt From Federal Income Tax, Employer Firms
ALFFTEREEFF2623312 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,528.00
Year-over-Year Change
40.59%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures revenue for assisted living facilities for the elderly that are exempt from federal income tax and are employer firms. It provides insights into the financial performance of a key healthcare sector serving the aging 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 Revenue for Assisted Living Facilities for The Elderly, Establishments Exempt From Federal Income Tax, Employer Firms data series tracks the total revenue generated by these specialized healthcare providers. It is an important indicator of the economic health and capacity of the assisted living industry, which plays a vital role in supporting the needs of elderly Americans.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses in this sector.
Historical Context
This revenue trend is closely monitored by policymakers, industry analysts, and investors to gauge the evolving dynamics of the elder care market.
Key Facts
- Assisted living facilities account for over $50 billion in annual revenue.
- The elderly population in the U.S. is projected to grow by 50% between 2020 and 2040.
- Tax-exempt assisted living providers make up a significant portion of the overall industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by assisted living facilities for the elderly that are exempt from federal income tax and operate as employer firms.
Q: Why is this trend relevant for users or analysts?
A: This revenue data provides important insights into the financial performance and capacity of a critical healthcare sector serving the aging population in the United States.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses in the assisted living industry.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors closely monitor this revenue trend to gauge the evolving dynamics of the elder care market and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Revenue for Assisted Living Facilities for The Elderly, Establishments Exempt From Federal Income Tax, Employer Firms (ALFFTEREEFF2623312), retrieved from FRED.