Income Gini Ratio of Families by Race of Householder, Black Alone or in Combination
This dataset tracks income gini ratio of families by race of householder, black alone or in combination over time.
Latest Value
0.48
Year-over-Year Change
0.00%
Date Range
1/1/2002 - 1/1/2023
Summary
The Gini ratio measures income inequality for Black households across the United States. This metric provides critical insights into economic disparities and social stratification.
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
This indicator tracks income distribution among Black households, revealing economic stratification and potential systemic economic challenges. It helps economists understand racial economic dynamics.
Methodology
Calculated using household income data from U.S. Census Bureau surveys and statistical sampling techniques.
Historical Context
Used by policymakers to assess economic equity and design targeted economic intervention strategies.
Key Facts
- Measures income distribution concentration
- Higher values indicate greater inequality
- Critical for understanding economic disparities
FAQs
Q: What does the Gini ratio measure?
A: The Gini ratio measures income distribution inequality, with 0 representing perfect equality and 1 representing maximum inequality.
Q: Why is the Black household Gini ratio important?
A: It reveals economic challenges and disparities faced by Black households in the United States.
Q: How is the Gini ratio calculated?
A: Calculated by comparing income distribution across household percentiles using statistical sampling methods.
Q: Can the Gini ratio change over time?
A: Yes, the ratio can shift with economic policies, social changes, and broader economic trends.
Q: What are the limitations of the Gini ratio?
A: It provides an aggregate view and may not capture individual economic experiences or nuanced inequalities.
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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 of Families by Race of Householder, Black Alone or in Combination (GINIBAOICF), retrieved from FRED.