Income Gini Ratio for Households by Race of Householder, White Alone Not Hispanic
GINIWANHH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.47
Year-over-Year Change
1.50%
Date Range
1/1/2002 - 1/1/2023
Summary
The Income Gini Ratio for Households by Race of Householder, White Alone Not Hispanic measures income inequality within this demographic group. It is a key statistic used by economists and policymakers to analyze economic stratification and disparities.
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 widely-used measure of income inequality, ranging from 0 (perfect equality) to 1 (maximal inequality). This series specifically examines the Gini ratio for white, non-Hispanic households, providing insight into the distribution of incomes within this population.
Methodology
The data is calculated from household income survey responses collected by the U.S. Census Bureau.
Historical Context
Trends in the Gini ratio are closely monitored by economic analysts and policymakers to understand evolving patterns of income inequality.
Key Facts
- The Gini ratio ranges from 0 to 1, with higher values indicating greater income inequality.
- Income inequality has risen in the U.S. over recent decades.
- Analyzing trends by demographic group provides insights into disparities.
FAQs
Q: What does this economic trend measure?
A: The Income Gini Ratio for Households by Race of Householder, White Alone Not Hispanic measures income inequality within the white, non-Hispanic population.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to understand patterns of income stratification and disparities within the U.S. population.
Q: How is this data collected or calculated?
A: The data is calculated from household income survey responses collected by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trends in the Gini ratio are closely monitored to analyze evolving patterns of income inequality, which informs economic and social policies.
Q: Are there update delays or limitations?
A: The data is published with a delay as it relies on household survey responses collected by the Census Bureau.
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Citation
U.S. Federal Reserve, Income Gini Ratio for Households by Race of Householder, White Alone Not Hispanic (GINIWANHH), retrieved from FRED.