Income Gini Ratio for Households by Race of Householder, Asian Alone
GINIAAH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.48
Year-over-Year Change
2.58%
Date Range
1/1/2002 - 1/1/2023
Summary
The Income Gini Ratio for Households by Race of Householder, Asian Alone measures income inequality within the Asian American population. It is a key metric used by economists and policymakers to analyze socioeconomic disparities.
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 Gini ratio is a statistical measure of income inequality within a population, ranging from 0 (perfect equality) to 1 (perfect inequality). This specific series tracks the Gini ratio for Asian American households, providing insight into the distribution of incomes in this demographic.
Methodology
The data is calculated from the U.S. Census Bureau's Current Population Survey.
Historical Context
The Gini ratio is widely used to inform economic and social policies aimed at addressing income inequality.
Key Facts
- The Gini ratio ranges from 0 to 1, with 0 representing perfect income equality.
- A higher Gini ratio indicates greater income inequality within a population.
- The Gini ratio for Asian American households is a key metric for analyzing socioeconomic disparities.
FAQs
Q: What does this economic trend measure?
A: The Income Gini Ratio for Households by Race of Householder, Asian Alone measures income inequality within the Asian American population.
Q: Why is this trend relevant for users or analysts?
A: The Gini ratio is a widely used metric for assessing income inequality and informing economic and social policies.
Q: How is this data collected or calculated?
A: The data is calculated from the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: The Gini ratio is used by economists and policymakers to analyze socioeconomic disparities and inform policies aimed at addressing income inequality.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the U.S. Census Bureau's Current Population Survey.
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Citation
U.S. Federal Reserve, Income Gini Ratio for Households by Race of Householder, Asian Alone (GINIAAH), retrieved from FRED.