Income Gini Ratio for Households by Race of Householder, White Alone
This dataset tracks income gini ratio for households by race of householder, white alone over time.
Latest Value
0.47
Year-over-Year Change
1.07%
Date Range
1/1/2002 - 1/1/2023
Summary
The Income Gini Ratio for Households by Race of Householder, White Alone measures income inequality among white households in the United States. It is a key indicator used by policymakers and researchers to assess economic equity and 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 indicating maximum inequality. This series specifically tracks the Gini ratio for white households, providing insights into the level of income disparity within this demographic.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on household income surveys.
Historical Context
Trends in the Gini ratio are closely monitored by economists and policymakers to inform discussions around economic policy, social programs, and efforts to address income inequality.
Key Facts
- The Gini ratio for white households was 0.427 in 2021.
- Income inequality among white households has increased over the past two decades.
- The Gini ratio for white households is lower than the overall U.S. household Gini ratio.
FAQs
Q: What does this economic trend measure?
A: The Income Gini Ratio for Households by Race of Householder, White Alone measures the level of income inequality among white households in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the distribution of income within the white demographic and how it compares to overall U.S. household income inequality.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on household income surveys.
Q: How is this trend used in economic policy?
A: Trends in the Gini ratio are closely monitored by economists and policymakers to inform discussions around economic policy, social programs, and efforts to address income inequality.
Q: Are there update delays or limitations?
A: The data is updated annually by the Census Bureau, with a typical release delay of several months.
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Citation
U.S. Federal Reserve, Income Gini Ratio for Households by Race of Householder, White Alone (GINIWAH), retrieved from FRED.