Income Gini Ratio of Families by Race of Householder, White Alone Not Hispanic
This dataset tracks income gini ratio of families by race of householder, white alone not hispanic over time.
Latest Value
0.43
Year-over-Year Change
0.47%
Date Range
1/1/2002 - 1/1/2023
Summary
The Income Gini Ratio of Families by Race of Householder, White Alone Not Hispanic measures income inequality among white, non-Hispanic families in the United States. It is a key indicator used by economists and policymakers to understand trends in wealth 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 Gini ratio is a statistical measure of income inequality, ranging from 0 (perfect equality) to 1 (maximum inequality). This series specifically tracks the Gini ratio for white, non-Hispanic family households, providing insights into economic disparities within this demographic.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on household income surveys.
Historical Context
The Income Gini Ratio is used to inform economic and social policies aimed at addressing income inequality.
Key Facts
- The Gini Ratio ranges from 0 (perfect equality) to 1 (maximum inequality).
- The Income Gini Ratio for white, non-Hispanic families was 0.401 in 2021.
- Income inequality has increased among white, non-Hispanic families since the 1990s.
FAQs
Q: What does this economic trend measure?
A: The Income Gini Ratio of Families by Race of Householder, White Alone Not Hispanic measures the level of income inequality among white, non-Hispanic family households in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the distribution of wealth and income within the white, non-Hispanic demographic, which is crucial for understanding broader economic inequality and informing policy decisions.
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: The Income Gini Ratio is used by economists and policymakers to monitor income inequality and inform policies aimed at addressing disparities in wealth distribution.
Q: Are there update delays or limitations?
A: The data is updated annually by the U.S. Census Bureau, and there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Income Gini Ratio of Families by Race of Householder, White Alone Not Hispanic (GINIWANHF), retrieved from FRED.