Income Gini Ratio for Households by Race of Householder, All Races
GINIALLRH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.49
Year-over-Year Change
1.68%
Date Range
1/1/1967 - 1/1/2023
Summary
The Income Gini Ratio for Households by Race of Householder, All Races measures income inequality within the U.S. population. It is a key economic indicator used to assess the distribution of household incomes.
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 that ranges from 0 to 1, with 0 representing perfect income equality and 1 representing maximum inequality. This metric is widely used by economists and policymakers to monitor trends in household income distribution.
Methodology
The data is calculated by the U.S. Census Bureau using household income survey responses.
Historical Context
The Gini ratio provides important context for evaluating the state of the economy and informing policies aimed at promoting more equitable income distribution.
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 U.S. Gini ratio has increased from 0.431 in 1967 to 0.489 in 2021.
FAQs
Q: What does this economic trend measure?
A: The Income Gini Ratio for Households by Race of Householder, All Races measures the degree of income inequality within the U.S. population.
Q: Why is this trend relevant for users or analysts?
A: The Gini ratio is a widely used indicator of income inequality that provides important context for evaluating the overall state of the economy and informing policies aimed at promoting more equitable income distribution.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau using household income survey responses.
Q: How is this trend used in economic policy?
A: The Gini ratio is used by economists and policymakers to monitor trends in household income distribution and inform policies aimed at addressing income inequality.
Q: Are there update delays or limitations?
A: The data is published annually by the U.S. Census Bureau, with a typical update delay of several months.
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Citation
U.S. Federal Reserve, Income Gini Ratio for Households by Race of Householder, All Races (GINIALLRH), retrieved from FRED.