Income Gini Ratio of Families by Race of Householder, Asian Alone or in Combination
GINIAAOICF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.44
Year-over-Year Change
0.45%
Date Range
1/1/2002 - 1/1/2023
Summary
The Income Gini Ratio of Families by Race of Householder, Asian Alone or in Combination measures income inequality within the Asian American population. It is an important economic metric used by policymakers and researchers to understand wealth distribution and 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 Income Gini Ratio is a statistical measure of income inequality that ranges from 0 (perfect equality) to 1 (maximal inequality). This specific Gini ratio focuses on Asian American families, providing insights into the degree of income concentration within that demographic.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
The Gini ratio is widely used to assess the effectiveness of economic and social policies in addressing income inequality.
Key Facts
- The Gini ratio ranges from 0 to 1, with 0 representing perfect income equality.
- Higher Gini ratios indicate greater income inequality within a population.
- The Gini ratio for Asian American families can provide insights into wealth distribution and socioeconomic disparities.
FAQs
Q: What does this economic trend measure?
A: The Income Gini Ratio of Families by Race of Householder, Asian Alone or in Combination measures the degree of income inequality within the Asian American population.
Q: Why is this trend relevant for users or analysts?
A: This Gini ratio is an important metric used by policymakers, economists, and researchers to understand wealth distribution and socioeconomic disparities within the Asian American community.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: The Gini ratio is widely used to assess the effectiveness of economic and social policies in 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 of Families by Race of Householder, Asian Alone or in Combination (GINIAAOICF), retrieved from FRED.