Poverty Tax Exemptions Under Age 65 for Rhode Island
PLT65EXMRI44A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106,500.00
Year-over-Year Change
-11.96%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of poverty tax exemptions claimed by Rhode Island residents under the age of 65. It provides insight into the state's poverty levels and can inform policymakers' efforts to address economic challenges.
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 Exemptions Under Age 65 for Rhode Island metric tracks the number of individuals under 65 who claim a tax exemption due to low income. This data point helps analysts and policymakers understand the prevalence of poverty and assess the effectiveness of social programs in the state.
Methodology
The data is collected by the U.S. Census Bureau through annual surveys.
Historical Context
This trend is used by economists and policymakers to evaluate the economic well-being of Rhode Island's population and inform decisions around social safety net programs.
Key Facts
- Rhode Island has a population of over 1 million.
- The poverty rate in Rhode Island is higher than the national average.
- Tax exemptions provide crucial financial relief for low-income individuals.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of poverty tax exemptions claimed by Rhode Island residents under the age of 65. It provides insight into the state's poverty levels.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding the prevalence of poverty in Rhode Island and informing policymakers' efforts to address economic challenges in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through annual surveys.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate the economic well-being of Rhode Island's population and inform decisions around social safety net programs.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be a delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Poverty Tax Exemptions Under Age 65 for Rhode Island (PLT65EXMRI44A647NCEN), retrieved from FRED.