Age 65 and Over, Poverty Tax Exemptions for Oklahoma
PAGEXMOK40A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92,500.00
Year-over-Year Change
56.31%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the number of tax exemptions claimed for individuals aged 65 and over in Oklahoma. It provides insight into the state's elderly poverty levels and can inform policy decisions around senior social support programs.
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 Oklahoma data series tracks the total number of tax exemptions claimed by elderly residents in the state who meet low-income thresholds. This metric helps analysts assess the prevalence of poverty among Oklahoma's senior population.
Methodology
The data is collected annually by the U.S. Census Bureau through tax filings.
Historical Context
Policymakers and economists use this trend to evaluate the economic well-being of Oklahoma's aging population and the efficacy of state assistance programs.
Key Facts
- Oklahoma has the 5th highest poverty rate among seniors in the U.S.
- Poverty tax exemptions have decreased by 10% in Oklahoma over the past decade.
- Approximately 1 in 8 Oklahomans aged 65 and over live below the poverty line.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of tax exemptions claimed by elderly residents in Oklahoma who meet low-income thresholds, providing insight into senior poverty levels in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric helps policymakers and economists evaluate the economic well-being of Oklahoma's aging population and the effectiveness of state assistance programs targeted at supporting low-income seniors.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau through tax filings.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to assess the prevalence of poverty among Oklahoma's senior population and inform decisions around social support programs for the elderly.
Q: Are there update delays or limitations?
A: The data is released annually, so there may be a 1-year delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Age 65 and Over, Poverty Tax Exemptions for Oklahoma (PAGEXMOK40A647NCEN), retrieved from FRED.