Age 65 and Over Tax Exemptions for New Hampshire
AGEXMNH33A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
229,000.00
Year-over-Year Change
73.87%
Date Range
1/1/1989 - 1/1/2022
Summary
This series measures the number of tax exemptions claimed for individuals aged 65 and over in New Hampshire. It provides insights into the economic well-being and tax burden for the state's senior 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 Tax Exemptions for New Hampshire series tracks the number of tax exemptions claimed by residents aged 65 and older in the state. This data is used by policymakers and economists to analyze trends in senior income, wealth, and the economic factors impacting the state's aging population.
Methodology
The data is collected by the U.S. Census Bureau through annual tax filings.
Historical Context
This metric is relevant for assessing the financial security and tax burden of older adults in New Hampshire, which can inform policy decisions around retirement, healthcare, and social services.
Key Facts
- New Hampshire has one of the oldest populations in the U.S.
- Tax exemptions for seniors help offset the cost of living on fixed incomes.
- The number of tax exemptions claimed has increased over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of tax exemptions claimed by New Hampshire residents aged 65 and older on their annual tax returns.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the financial security and tax burden of the state's aging population, which is critical for informing policy decisions around retirement, healthcare, and social services.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through annual tax filings in New Hampshire.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze trends in senior income, wealth, and the economic factors impacting the state's aging population, which can inform decisions around taxation, social programs, and other initiatives.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay as it relies on tax filing information collected by the Census Bureau.
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Citation
U.S. Federal Reserve, Age 65 and Over Tax Exemptions for New Hampshire (AGEXMNH33A647NCEN), retrieved from FRED.