Age 65 and Over, Poverty Tax Exemptions for Arizona
PAGEXMAZ4A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
166,000.00
Year-over-Year Change
62.50%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the number of poverty tax exemptions claimed by individuals aged 65 and over in Arizona. It provides insights into the economic security and tax burden faced by the state's 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 Age 65 and Over, Poverty Tax Exemptions for Arizona series tracks the number of state income tax exemptions claimed by Arizona residents aged 65 and older who meet low-income thresholds. This data point is used by policymakers and economists to assess the financial well-being of the state's senior citizens and inform programs and policies aimed at supporting this demographic.
Methodology
The data is collected through state tax return filings.
Historical Context
This trend is relevant for understanding the economic conditions and policy needs of Arizona's aging population.
Key Facts
- Arizona has the 6th largest 65+ population in the U.S.
- Over 15% of Arizonans aged 65+ live in poverty
- Poverty tax exemptions help low-income seniors reduce their tax burden
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of state income tax exemptions claimed by Arizona residents aged 65 and older who meet low-income thresholds.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic security and tax burden faced by Arizona's aging population, which is crucial for informing policies and programs aimed at supporting senior citizens.
Q: How is this data collected or calculated?
A: The data is collected through state tax return filings.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess the financial well-being of Arizona's senior citizens and inform programs and policies aimed at supporting this demographic.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays or limitations inherent in tax return filing and processing.
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Citation
U.S. Census Bureau, Age 65 and Over, Poverty Tax Exemptions for Arizona (PAGEXMAZ4A647NCEN), retrieved from FRED.