Poverty, Child Tax Exemptions for Missouri
This dataset tracks poverty, child tax exemptions for missouri over time.
Latest Value
291000.00
Year-over-Year Change
-16.57%
Date Range
1/1/1989 - 1/1/2022
Summary
This data series tracks the number of child tax exemptions claimed by Missouri residents, which provides insights into poverty and household 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 child tax exemption data represents the total number of dependent children claimed on individual income tax returns filed by Missouri residents. This metric is a useful proxy for measuring childhood poverty levels and family structures across the state over time.
Methodology
The data is collected annually by the U.S. Census Bureau through tax filing records.
Historical Context
Policymakers and economists analyze this trend to understand economic conditions and guide social welfare programs in Missouri.
Key Facts
- Missouri's child tax exemptions peaked in 2008 at over 1.6 million.
- Child tax exemptions have declined by over 10% since 2010 in Missouri.
- The child tax exemption data provides insight into family and poverty trends across Missouri counties.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of child tax exemptions claimed by Missouri residents, which serves as a proxy for measuring childhood poverty and family demographics in the state.
Q: Why is this trend relevant for users or analysts?
A: The child tax exemption data is highly relevant for policymakers, economists, and social welfare analysts seeking to understand economic conditions and guide program development in Missouri.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau through individual income tax filing records.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this trend to gauge poverty levels, family structures, and the potential impacts of social welfare programs across Missouri.
Q: Are there update delays or limitations?
A: The child tax exemption data is released annually with a lag, and may not fully capture all eligible households due to non-filing or other data limitations.
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Citation
U.S. Federal Reserve, Poverty, Child Tax Exemptions for Missouri (PCHEXMMO29A647NCEN), retrieved from FRED.