Income Gini Ratio for Households by Race of Householder, Asian Alone or in Combination
This dataset tracks income gini ratio for households by race of householder, asian alone or in combination over time.
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.
Related News
U.S. Stock Indices Rebound After Tech Stocks' Recent Decline
US Stock Indices Rebound: Understanding the Market Recovery The recent surge in the US stock market marks a significant upturn, with key indices such as the Nasdaq and S&P 500 leading this recovery. The primary metric underpinning these shifts is the civilian employment-to-population ratio, reflecting positive economic momentum. This boost in indices can be linked to a complex interplay of factors, including recent economic data, renewed market optimism, and evolving investor behavior, casting
U.S. GDP Growth to Slow Due to Tariffs and Immigration Policies
How Tariffs and Immigration Policies Influence U.S. GDP Growth in 2025 The U.S. GDP is a fundamental gauge of the country's economic health. Recent forecasts have raised concerns about a GDP slowdown, suggesting that trade tariffs and lower immigration might be key factors. According to economic forecasts and OECD reports, these issues are becoming centers of focus. Trade policies and immigration rules heavily impact the economic prediction landscape. Challenged by decreasing GDP figures, trade
U.S. Stock Markets Hit Record Highs Amid Nvidia, OpenAI Partnership
Nvidia's OpenAI Partnership Excites U.S. Markets The unprecedented performance of the U.S. stock markets can be largely attributed to Nvidia's exciting partnership with OpenAI. This collaboration is not only setting new records for Nvidia shares but is also invigorating other tech stocks, leading to historic highs in indices like the Dow Jones, S&P 500, and Nasdaq. Record-high stocks signify significant investment opportunities, underscored by revolutionary artificial intelligence innovations.
US economic growth slows amid rising inflation concerns
US Economic Growth Slows Amid Inflation and Rising Interest Rates The US economy, a crucial indicator of its global standing, is facing a slow growth trajectory. Recent data suggest that inflationary pressures and rising interest rates are the chief culprits in this deceleration. With the Consumer Price Index reflecting heightened inflation and the Federal Reserve adjusting interest rates, the interplay of these factors raises significant concerns for economic stability. These developments furt
US 10-year Treasury yield rise signals caution for investors
How the 10-Year Treasury Yield Surge Impacts Investors and the Fixed-Income Market The 10-year Treasury yield has surged past the 4% mark, capturing the attention of investors and markets alike. This rise is not just a random development; it signals broader shifts in the economic landscape, influencing everything from bond markets to investor strategies. When the 10-year Treasury yield shifts, it sends a ripple effect through financial ecosystems, underscoring its role as a critical economic in
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures struggle to show a definite trend despite favorable economic signals. These signals, such as jobless claims and Q2 GDP figures, suggest a healthy economy. Given the roles of the stock market and the Federal Reserve's decisions on rate hikes, it is surprising to witness this stagnation. Inflation trends and the Fed's signals about future policies pla
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, Income Gini Ratio for Households by Race of Householder, Asian Alone or in Combination (GINIAAOICH), retrieved from FRED.