Age 65 and Over, Poverty Tax Exemptions for Florida
PAGEXMFL12A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
572,000.00
Year-over-Year Change
17.29%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the number of people aged 65 and over in Florida who claimed a poverty tax exemption. It provides insight into the financial 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 Florida metric tracks the number of Florida residents aged 65 and older who qualified for a property tax exemption due to financial hardship. This data point is useful for analyzing the economic security of the state's aging population.
Methodology
The data is collected through state tax filings and records.
Historical Context
This trend is used by policymakers and economists to assess the efficacy of senior support programs and guide decisions around taxation and social services.
Key Facts
- Florida has the 2nd largest senior population in the U.S.
- Over 15% of Floridians aged 65+ live below the poverty line.
- The poverty tax exemption helps low-income seniors afford their homes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of Floridians aged 65 and older who claimed a property tax exemption due to financial hardship.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the economic security of Florida's senior population and can inform policy decisions around taxation and social services.
Q: How is this data collected or calculated?
A: The data is collected through state tax filings and records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the efficacy of senior support programs and guide decisions around taxation and social services.
Q: Are there update delays or limitations?
A: The data may have a lag of several months due to the tax filing process.
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Citation
U.S. Census Bureau, Age 65 and Over, Poverty Tax Exemptions for Florida (PAGEXMFL12A647NCEN), retrieved from FRED.