Age 65 and Over, Poverty Tax Exemptions for Ohio
PAGEXMOH39A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
243,000.00
Year-over-Year Change
33.77%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend tracks the number of people aged 65 and over in Ohio who claim poverty-based tax exemptions. It provides insights into the financial well-being of Ohio'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 Ohio' data series measures the number of Ohioans aged 65 and older who qualify for and claim poverty-based tax exemptions. This metric can indicate the economic challenges faced by the state's senior citizens.
Methodology
The data is collected by the U.S. Census Bureau through surveys and administrative records.
Historical Context
This trend is used by policymakers, economists, and market analysts to assess the financial security of Ohio's aging population and inform social welfare programs.
Key Facts
- Ohio has the 7th largest population aged 65 and over in the U.S.
- In 2021, over 340,000 Ohioans aged 65+ claimed poverty-based tax exemptions.
- The poverty tax exemption rate for Ohio seniors has increased by 12% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of Ohioans aged 65 and older who qualify for and claim poverty-based tax exemptions, providing insights into the financial well-being of the state's senior population.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for policymakers, economists, and market analysts as it can indicate the economic challenges faced by Ohio's aging population and inform social welfare programs.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to assess the financial security of Ohio's aging population and inform social welfare programs.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential limitations of U.S. Census Bureau surveys and administrative records.
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Citation
U.S. Federal Reserve, Age 65 and Over, Poverty Tax Exemptions for Ohio (PAGEXMOH39A647NCEN), retrieved from FRED.