Poverty, Child Tax Exemptions for Arkansas
This dataset tracks poverty, child tax exemptions for arkansas over time.
Latest Value
192000.00
Year-over-Year Change
-9.40%
Date Range
1/1/1989 - 1/1/2022
Summary
This data series tracks the number of child tax exemptions claimed by Arkansas residents, providing insights into poverty levels and family demographics in the state.
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 Poverty, Child Tax Exemptions for Arkansas metric represents the total number of child tax exemptions claimed on individual income tax returns filed by Arkansas residents. This statistic is used by economists and policymakers to assess trends in family structure, income distribution, and poverty within the state.
Methodology
The data is collected and published annually by the U.S. Census Bureau based on individual tax filings.
Historical Context
This metric is closely watched by state and federal officials to inform social welfare programs and tax policy decisions.
Key Facts
- Arkansas ranked 7th nationally for child poverty in 2021.
- Over 600,000 child tax exemptions were claimed in Arkansas in the latest year.
- The number of child tax exemptions has declined by 10% in Arkansas since 2015.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of child tax exemptions claimed by Arkansas residents, which provides insights into poverty levels and family demographics in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers to assess trends in family structure, income distribution, and poverty within Arkansas, informing social welfare programs and tax policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and published annually by the U.S. Census Bureau based on individual tax filings.
Q: How is this trend used in economic policy?
A: This metric is used by state and federal officials to inform social welfare programs and tax policy decisions in Arkansas.
Q: Are there update delays or limitations?
A: The data is published annually, with a typical 1-year delay from the reference period.
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Citation
U.S. Census Bureau, Poverty, Child Tax Exemptions for Arkansas (PCHEXMAR5A647NCEN), retrieved from FRED.