Age 65 and Over, Poverty Tax Exemptions for Delaware
PAGEXMDE10A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,000.00
Year-over-Year Change
74.95%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the number of poverty tax exemptions claimed by individuals aged 65 and over in Delaware. It provides insights into the economic well-being of 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, Poverty Tax Exemptions for Delaware metric tracks the number of elderly Delawareans who qualify for state tax relief based on their low-income status. This data point is used by policymakers and economists to assess the financial security of the state's aging population.
Methodology
The data is collected through state tax filings and aggregated by the U.S. Census Bureau.
Historical Context
This trend is relevant for evaluating the effectiveness of policies aimed at supporting the economic needs of Delaware's senior citizens.
Key Facts
- The number of poverty tax exemptions claimed by seniors in Delaware has declined since 2010.
- Delaware's senior poverty rate is higher than the national average.
- Tax exemptions help offset the financial burden for low-income elderly residents in the state.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of Delawareans aged 65 and over who claim a state tax exemption due to their low-income status.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the financial well-being of Delaware's senior population, which is important for policymakers and economists assessing the effectiveness of programs supporting the elderly.
Q: How is this data collected or calculated?
A: The data is collected through state tax filings and aggregated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is relevant for evaluating the reach and impact of policies aimed at supporting the economic security of Delaware's aging population.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags and may not capture all eligible individuals who do not file tax returns.
Related Trends
State Tax Collections: T16 Tobacco Products Sales Tax for Pennsylvania
QTAXT16QTAXCAT3PANO
Individual Income Tax Filing: Returns of Heads of Households
RTHOHH
State Tax Collections: T20 Alcoholic Beverages License for Wyoming
QTAXT20QTAXCAT3WYNO
State Tax Collections: T22 Corporations in General License for Hawaii
QTAXT22QTAXCAT3HINO
State Tax Collections: T14 Pari-Mutuels Sales Tax for South Dakota
QTAXT14QTAXCAT3SDNO
State Tax Collections: T12 Insurance Premiums Sales Tax for New Hampshire
QTAXT12QTAXCAT3NHNO
Citation
U.S. Census Bureau, Age 65 and Over, Poverty Tax Exemptions for Delaware (PAGEXMDE10A647NCEN), retrieved from FRED.