Age 65 and Over, Poverty Tax Exemptions for Mississippi
PAGEXMMS28A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,500.00
Year-over-Year Change
44.92%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of poverty tax exemptions claimed by individuals aged 65 and over in Mississippi. It provides insights into the economic well-being of the state's elderly 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 Mississippi' trend tracks the number of Mississippians aged 65 and older who claim a state tax exemption due to low income. This data point helps economists and policymakers assess the financial security of the state's senior citizens.
Methodology
The data is collected through tax filings and administrative records by the U.S. Census Bureau.
Historical Context
This trend is used to inform policies and programs aimed at supporting the economic needs of Mississippi's elderly population.
Key Facts
- Mississippi has the highest poverty rate among seniors in the U.S.
- Tax exemptions provide financial relief to low-income elderly residents.
- The trend has shown a steady decline in the number of poverty exemptions since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of poverty tax exemptions claimed by individuals aged 65 and over in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic well-being of Mississippi's elderly population and can inform policies and programs aimed at supporting their financial security.
Q: How is this data collected or calculated?
A: The data is collected through tax filings and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used to inform policies and programs aimed at supporting the economic needs of Mississippi's elderly population.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 year delay, and may not capture all eligible individuals due to non-filing or other administrative factors.
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Citation
U.S. Federal Reserve, Age 65 and Over, Poverty Tax Exemptions for Mississippi (PAGEXMMS28A647NCEN), retrieved from FRED.