Age 65 and Over, Poverty Tax Exemptions for New Hampshire
PAGEXMNH33A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,500.00
Year-over-Year Change
57.91%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of poverty tax exemptions claimed by New Hampshire residents aged 65 and over. It provides insights into the financial well-being and tax burden 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 New Hampshire metric tracks the number of tax exemptions claimed by elderly residents with incomes below the poverty line. This data point is used by policymakers and economists to assess the economic security and social welfare of New Hampshire's aging population.
Methodology
The data is collected through annual tax filings in the state of New Hampshire.
Historical Context
This trend is relevant for understanding the tax burden and financial challenges faced by low-income seniors, which can inform policy decisions related to retirement, healthcare, and social services.
Key Facts
- New Hampshire has the 2nd highest share of residents aged 65 and over in the U.S.
- The poverty rate for seniors in New Hampshire is 7.5%, below the national average.
- Tax exemptions provide crucial financial relief for low-income elderly residents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of poverty tax exemptions claimed by New Hampshire residents aged 65 and over. It provides insights into the financial well-being of the state's senior population.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding the tax burden and economic security of low-income elderly residents in New Hampshire, which can inform policy decisions related to retirement, healthcare, and social services.
Q: How is this data collected or calculated?
A: The data is collected through annual tax filings in the state of New Hampshire.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess the financial challenges faced by low-income seniors, which can inform policies related to retirement, healthcare, and social services.
Q: Are there update delays or limitations?
A: The data is updated annually, with a potential delay of several months after the end of the tax year.
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Citation
U.S. Census Bureau, Age 65 and Over, Poverty Tax Exemptions for New Hampshire (PAGEXMNH33A647NCEN), retrieved from FRED.