Poverty Tax Exemptions Under Age 65 for Delaware
PLT65EXMDE10A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109,000.00
Year-over-Year Change
2.07%
Date Range
1/1/1989 - 1/1/2022
Summary
This series measures the number of poverty tax exemptions claimed for individuals under age 65 in Delaware. It provides insights into the state's low-income population and socioeconomic conditions.
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 tax exemption data represents the number of individuals under 65 who qualify for tax relief based on their income level in Delaware. This metric is used by policymakers and researchers to analyze trends in poverty and the effectiveness of social assistance programs.
Methodology
The data is collected through tax filings and records maintained by the U.S. Census Bureau.
Historical Context
This economic indicator is relevant for understanding the social and fiscal landscape in Delaware and informing policy decisions.
Key Facts
- Delaware has the 17th highest poverty rate in the U.S.
- The poverty tax exemption program has been in place since 1986.
- Eligibility is based on federal poverty guidelines and state-specific thresholds.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of poverty tax exemptions claimed by individuals under age 65 in the state of Delaware. It provides insights into the low-income population in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the socioeconomic conditions and assessing the effectiveness of social assistance programs in Delaware.
Q: How is this data collected or calculated?
A: The data is collected through tax filings and records maintained by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and researchers use this indicator to analyze trends in poverty and inform decisions related to social welfare programs and taxation in Delaware.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delay in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Poverty Tax Exemptions Under Age 65 for Delaware (PLT65EXMDE10A647NCEN), retrieved from FRED.