Age 65 and Over, Poverty Tax Exemptions for Maine
PAGEXMME23A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,000.00
Year-over-Year Change
109.40%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend tracks the number of poverty tax exemptions claimed by individuals aged 65 and older in Maine. It provides insight into the financial well-being of the state's senior 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 Maine data series measures the total number of poverty-related tax exemptions claimed by Maine residents aged 65 and above. This metric can help analysts and policymakers understand the economic challenges facing the state's elderly population.
Methodology
The data is collected through tax filings and compiled by the U.S. Census Bureau.
Historical Context
This trend is used to inform state-level policy decisions regarding senior poverty and economic security.
Key Facts
- Maine has the oldest median age population in the U.S.
- Poverty rates are higher among seniors than the general population in Maine.
- Tax exemptions are a key tool for supporting low-income elderly residents.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of poverty-related tax exemptions claimed by Maine residents aged 65 and older, providing insight into the financial well-being of the state's senior population.
Q: Why is this trend relevant for users or analysts?
A: This metric helps inform state-level policy decisions regarding senior poverty and economic security in Maine, which has the oldest median age population in the U.S.
Q: How is this data collected or calculated?
A: The data is collected through 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 help policymakers understand the economic challenges facing Maine's elderly population and inform decisions regarding state-level support programs.
Q: Are there update delays or limitations?
A: As the data is based on tax filings, there may be some delay in the availability of the most recent figures.
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Citation
U.S. Census Bureau, Age 65 and Over, Poverty Tax Exemptions for Maine (PAGEXMME23A647NCEN), retrieved from FRED.