Age 65 and Over, Poverty Tax Exemptions for Hawaii
PAGEXMHI15A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,500.00
Year-over-Year Change
69.28%
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 Hawaii. It provides insight into the economic well-being of older residents in the state.
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 Hawaii statistic tracks the number of state income tax exemptions claimed by Hawaii residents aged 65 and older who meet certain income thresholds. This data point is used by economists and policymakers to assess the prevalence of poverty among the elderly population in Hawaii.
Methodology
The data is collected through tax filings submitted to the Hawaii Department of Taxation.
Historical Context
This trend is relevant for understanding the financial security of older adults in Hawaii and informing social welfare policies.
Key Facts
- Hawaii has the highest percentage of residents aged 65 and over in the U.S.
- Poverty rates are higher among the elderly compared to the general population in Hawaii.
- The poverty tax exemption data helps track economic hardship faced by older adults in the state.
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 Hawaii, providing insight into the economic well-being of older residents in the state.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding the financial security of older adults in Hawaii and informing social welfare policies aimed at supporting the elderly population.
Q: How is this data collected or calculated?
A: The data is collected through tax filings submitted to the Hawaii Department of Taxation.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the prevalence of poverty among the elderly population in Hawaii and inform policies targeting the financial needs of older adults.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule of the Hawaii Department of Taxation, which may result in occasional delays in availability.
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Citation
U.S. Census Bureau, Age 65 and Over, Poverty Tax Exemptions for Hawaii (PAGEXMHI15A647NCEN), retrieved from FRED.