Income Gini Ratio for Households by Race of Householder, Asian Alone or in Combination
GINIAAOICH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.48
Year-over-Year Change
2.78%
Date Range
1/1/2002 - 1/1/2023
Summary
The Income Gini Ratio for Households by Race of Householder, Asian Alone or in Combination, measures income inequality within the Asian American population in the United States. This metric is important for economists and policymakers to understand disparities and trends in household income distribution.
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 (maximum inequality). This series specifically examines the Gini ratio for Asian American households, providing insights into the degree of income variation within this demographic.
Methodology
The data is calculated by the U.S. Census Bureau based on survey responses.
Historical Context
The Gini ratio is widely used to inform economic policy and assess the effectiveness of programs aimed at reducing income inequality.
Key Facts
- The Gini ratio ranges from 0 to 1, with higher values indicating greater income inequality.
- Asian American households have exhibited lower income inequality compared to other racial groups in the U.S.
- Income inequality within the Asian American population has remained relatively stable over time.
FAQs
Q: What does this economic trend measure?
A: The Income Gini Ratio for Households by Race of Householder, Asian Alone or in Combination, measures the degree of income inequality within the Asian American population in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to understand disparities and trends in household income distribution among Asian Americans, which can inform economic policy and assess the effectiveness of programs aimed at reducing income inequality.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on survey responses.
Q: How is this trend used in economic policy?
A: The Gini ratio is widely used to inform economic policy and assess the effectiveness of programs aimed at reducing income inequality.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the U.S. Census Bureau's survey methods.
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Citation
U.S. Federal Reserve, Income Gini Ratio for Households by Race of Householder, Asian Alone or in Combination (GINIAAOICH), retrieved from FRED.