Age 65 and Over, Poverty Tax Exemptions for Indiana
PAGEXMIN18A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
210,000.00
Year-over-Year Change
32.81%
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 Indiana. It provides insight into the economic well-being of older adults 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 Indiana trend tracks the number of Hoosiers aged 65 and older who claim a tax exemption due to financial hardship. This data point is used by policymakers and researchers to assess the prevalence of poverty among the elderly population in Indiana.
Methodology
The data is collected through tax filings and census surveys by the U.S. Census Bureau.
Historical Context
This trend informs discussions around retirement security, social services, and cost-of-living for older adults in Indiana.
Key Facts
- Indiana has over 1 million residents aged 65 and older.
- The poverty exemption rate for this age group is 12.5%.
- Poverty among the elderly in Indiana is higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of Hoosiers aged 65 and over who claim a tax exemption due to poverty in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the economic well-being and financial challenges faced by older adults in Indiana, which is important for policymakers and researchers studying retirement security and social services.
Q: How is this data collected or calculated?
A: The data is collected through tax filings and census surveys by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend informs discussions around retirement security, social services, and cost-of-living for older adults in Indiana, which can influence policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may not capture all eligible individuals who do not file for the exemption.
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Citation
U.S. Census Bureau, Age 65 and Over, Poverty Tax Exemptions for Indiana (PAGEXMIN18A647NCEN), retrieved from FRED.