Total Tax Exemptions Under Age 65 for Hawaii
LT65EXMHI15A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
964,000.00
Year-over-Year Change
-6.81%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the total number of tax exemptions claimed by Hawaii residents under age 65. It provides insights into the state's demographic and economic composition.
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 total tax exemptions under age 65 for Hawaii tracks the number of individuals younger than 65 who claimed tax exemptions when filing their state income taxes. This metric offers valuable data on the working-age population in Hawaii and can inform economic policy decisions.
Methodology
The data is collected from Hawaii state income tax filings.
Historical Context
This trend is used by policymakers and economists to analyze Hawaii's economic and demographic trends.
Key Facts
- Hawaii has the highest life expectancy in the U.S.
- The state's median age is 39.3 years, higher than the national average.
- Tourism is a major driver of Hawaii's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of tax exemptions claimed by Hawaii residents under the age of 65.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the demographic and economic composition of Hawaii, which can inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected from Hawaii state income tax filings.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze Hawaii's economic and demographic trends.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags and limitations inherent in state tax filing data.
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Citation
U.S. Federal Reserve, Total Tax Exemptions Under Age 65 for Hawaii (LT65EXMHI15A647NCEN), retrieved from FRED.