Income Gini Ratio for Households by Race of Householder, Hispanic Origin (Any Race)
This dataset tracks income gini ratio for households by race of householder, hispanic origin (any race) over time.
Latest Value
0.47
Year-over-Year Change
1.53%
Date Range
1/1/1972 - 1/1/2023
Summary
Measures income inequality for households by race and Hispanic origin. Provides critical insight into economic disparities across different demographic groups.
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 Gini ratio quantifies income distribution within racial and ethnic household groups. It helps economists analyze economic inequality across different communities.
Methodology
Calculated using household income data from the U.S. Census Bureau's Current Population Survey.
Historical Context
Used by policymakers to understand and address racial economic disparities.
Key Facts
- Measures income inequality across racial groups
- Reveals economic disparities in household income
- Important tool for understanding social economics
FAQs
Q: What does the Gini ratio measure?
A: Quantifies income distribution inequality within racial and ethnic household groups. Higher values indicate greater inequality.
Q: How is the Gini ratio calculated?
A: Uses statistical methods to compare income distribution across different household groups.
Q: Why is this metric important?
A: Helps identify and understand economic disparities across different racial and ethnic communities.
Q: How do policymakers use this data?
A: Informs economic and social policies aimed at reducing income inequality and promoting economic equity.
Q: How frequently is this data updated?
A: Typically updated annually through the Current Population Survey.
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Citation
U.S. Federal Reserve, Income Gini Ratio for Households by Race of Householder, Hispanic Origin (GINIHARH), retrieved from FRED.