Age 65 and Over, Poverty Tax Exemptions for Arkansas
PAGEXMAR5A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65,000.00
Year-over-Year Change
40.85%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the number of poverty tax exemptions claimed by individuals aged 65 and older in Arkansas. It provides insights into the state's elderly poverty levels and economic well-being.
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 Age 65 and Over, Poverty Tax Exemptions for Arkansas data series tracks the number of individuals aged 65 and above who claim poverty-related tax exemptions in the state. This metric offers valuable information about the economic circumstances and social support programs serving the elderly population.
Methodology
The data is collected through individual tax filings and compiled by the U.S. Census Bureau.
Historical Context
This trend is used by policymakers and economists to assess the effectiveness of programs and policies aimed at reducing poverty among the elderly in Arkansas.
Key Facts
- Arkansas has the 5th highest poverty rate among seniors in the U.S.
- Over 25% of Arkansans aged 65+ live below the poverty line
- Poverty tax exemptions help low-income elderly residents reduce their tax burden
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of poverty tax exemptions claimed by individuals aged 65 and older in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic well-being and poverty levels among the elderly population in Arkansas, which is useful for policymakers and economists assessing the effectiveness of social programs.
Q: How is this data collected or calculated?
A: The data is collected through individual tax filings and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess the effectiveness of programs and policies aimed at reducing poverty among the elderly in Arkansas.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and compilation by the Census Bureau.
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Citation
U.S. Federal Reserve, Age 65 and Over, Poverty Tax Exemptions for Arkansas (PAGEXMAR5A647NCEN), retrieved from FRED.