Age 65 and Over, Poverty Tax Exemptions for Oregon
PAGEXMOR41A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99,000.00
Year-over-Year Change
41.85%
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 Oregon. It provides insight into the economic well-being of the state's older adult 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 Oregon metric tracks the number of individuals aged 65 and older in Oregon who claim a tax exemption due to living below the poverty line. This data point offers valuable context on the financial security and social support needs of the state's senior citizens.
Methodology
The data is collected through individual tax filings with the Oregon Department of Revenue.
Historical Context
This metric is used by policymakers and advocacy groups to evaluate the efficacy of support programs for low-income older adults in Oregon.
Key Facts
- Oregon has the 10th highest senior poverty rate in the U.S.
- Poverty tax exemptions provide relief on state income taxes
- The number of seniors claiming exemptions has risen by 25% since 2010
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of Oregonians aged 65 and over who claim a tax exemption due to living below the poverty line.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the financial security and social support needs of Oregon's senior population, which is crucial information for policymakers and advocacy groups.
Q: How is this data collected or calculated?
A: The data is collected through individual tax filings with the Oregon Department of Revenue.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and advocacy groups to evaluate the efficacy of support programs for low-income older adults in Oregon.
Q: Are there update delays or limitations?
A: The data is updated annually with a slight delay as it is based on tax filings.
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Citation
U.S. Census Bureau, Age 65 and Over, Poverty Tax Exemptions for Oregon (PAGEXMOR41A647NCEN), retrieved from FRED.