Age 65 and Over, Poverty Tax Exemptions for California
PAGEXMCA6A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
707,000.00
Year-over-Year Change
53.14%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of poverty tax exemptions claimed by individuals aged 65 and over in California. It provides insight into the financial well-being and social support for the state's elderly 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 exemption data represents the number of California residents aged 65 and older who have qualified for and claimed a tax exemption due to low income levels. This metric helps economists and policymakers understand the economic challenges facing the state's senior citizens.
Methodology
The data is collected through individual tax filings and compiled by the U.S. Census Bureau.
Historical Context
This trend is used to inform policy decisions related to senior citizen support programs and taxation.
Key Facts
- California has the largest elderly population in the U.S.
- Poverty exemptions help low-income seniors reduce their tax burden.
- The trend has fluctuated over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of poverty tax exemptions claimed by individuals aged 65 and over in the state of California.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the financial well-being and economic challenges facing California's senior citizens, which is crucial information for policymakers and economists.
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 to inform policy decisions related to senior citizen support programs and taxation in California.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of tax filing and census data collection.
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Citation
U.S. Federal Reserve, Age 65 and Over, Poverty Tax Exemptions for California (PAGEXMCA6A647NCEN), retrieved from FRED.