Poverty Tax Exemptions Under Age 65 for Hawaii
PLT65EXMHI15A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138,500.00
Year-over-Year Change
-20.11%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of poverty tax exemptions claimed by individuals under age 65 in Hawaii. It provides insights into the state's low-income population and their utilization of tax relief 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 Poverty Tax Exemptions Under Age 65 for Hawaii statistic tracks the number of people under 65 who claim a tax exemption due to their low-income status. This helps economists and policymakers understand the prevalence of poverty and the effectiveness of tax policies aimed at supporting the state's working-age population.
Methodology
The data is collected annually by the U.S. Census Bureau as part of the American Community Survey.
Historical Context
This trend is useful for analyzing the economic well-being of Hawaii's working-age residents and informing decisions around social welfare programs and tax policy.
Key Facts
- Hawaii has the 4th highest poverty rate in the U.S.
- Tax exemptions help offset the cost of living for low-income residents
- The number of exemptions has fluctuated in recent years
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people under age 65 in Hawaii who claim a 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 prevalence of poverty among Hawaii's working-age population and the utilization of tax relief programs, which is valuable information for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau as part of the American Community Survey.
Q: How is this trend used in economic policy?
A: This trend is used to analyze the economic well-being of Hawaii's working-age residents and inform decisions around social welfare programs and tax policy.
Q: Are there update delays or limitations?
A: The data is published annually, so there may be a delay of up to a year in the most recent figures being available.
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Citation
U.S. Census Bureau, Poverty Tax Exemptions Under Age 65 for Hawaii (PLT65EXMHI15A647NCEN), retrieved from FRED.