Age 65 and Over, Poverty Tax Exemptions for North Dakota
This dataset tracks age 65 and over, poverty tax exemptions for north dakota over time.
Latest Value
13500.00
Year-over-Year Change
35.88%
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 North Dakota. It provides insights into the economic security and tax burdens faced by 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 North Dakota metric tracks the total number of individuals aged 65 and above who claim a poverty-based tax exemption in the state. This data point is used by economists and policymakers to assess the financial wellbeing of North Dakota's senior citizens.
Methodology
The data is collected through annual tax filings and census surveys conducted by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding the economic conditions and policy needs of North Dakota's aging population.
Key Facts
- North Dakota has one of the highest percentages of residents aged 65 and over in the U.S.
- Poverty tax exemptions provide financial relief for low-income seniors in the state.
- Trends in this metric can inform policies aimed at supporting North Dakota's aging population.
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 North Dakota. It provides insights into the economic security and tax burdens faced by the state's senior population.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the economic conditions and policy needs of North Dakota's aging population. It can inform policies and programs aimed at supporting the financial security of the state's senior citizens.
Q: How is this data collected or calculated?
A: The data is collected through annual tax filings and census surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the financial wellbeing of North Dakota's senior citizens and inform policies and programs aimed at supporting the state's aging population.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting due to the nature of tax filings and census surveys.
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Citation
U.S. Census Bureau, Age 65 and Over, Poverty Tax Exemptions for North Dakota (PAGEXMND38A647NCEN), retrieved from FRED.