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Therefore, a lower Gini score is roughly associated with a more equal distribution of income and vice versa. In 2018 U.S. income inequality as measured by the Gini index was close to the highest recorded values ever. [15] [16] The information was tabulated in 2019 from data from the American Community Survey (ACS) conducted by the US Census Bureau.
The states of Utah, Alaska and Wyoming have a market income Gini coefficient that is 10% lower than the average, while Washington D.C. and Puerto Rico are 10% higher. After-tax, the Federal Reserve estimated that 34 states in the US have a Gini index between 30 and 35, with Maine the lowest. [198]
2023 9.7 2023 Cuba: Caribbean: Upper middle income 45.29% 2022 3.40 1978 Cyprus: Western Asia: High income 33.45% 2022 2.46 2022 3.547 2021 Czech Republic: Eastern Europe: High income 29.66% 2022 2.58 2022 3.893 2021 3.1 2021 Germany: Western Europe: High income 34.04% 2022 1.82 2022 2.940 2020 3.9 2020 Djibouti
The Italian statistician Corrado Gini developed the Gini coefficient and published it in his 1912 paper Variabilità e mutabilità (English: variability and mutability). [16] [17] Building on the work of American economist Max Lorenz, Gini proposed using the difference between the hypothetical straight line depicting perfect equality and the actual line depicting people's incomes as a measure ...
Post-tax Gini coefficient: 0.39. Unemployment rate: 4.4%. GDP per capita: $53 632. Poverty rate: 11.1%. [43] Low unemployment rate and high GDP are signs of the health of the U.S. economy. But there is almost 18% of people living below the poverty line and the Gini coefficient is quite high. That ranks the United States 9th income inequal in ...
The Trump administration's timeline on the decline of American workers starts in the late 1990s -- but numbers show the slump actually began a bit earlier.
The Wealth Gini coefficients from 2008 are based on a working paper published by the National Bureau of Economic Research. [5] The Wealth Gini numbers for 2018, 2019, and 2021 come from the Global Wealth Databook by Credit Suisse. [6] [7] [8] * indicates "Wealth inequality in COUNTRY or TERRITORY" or "Income inequality in COUNTRY or TERRITORY ...
The closer the Gini Coefficient is to one, the closer its income distribution is to absolute inequality. In 2007, the United Nations approximated the United States' Gini Coefficient at 41% while the CIA Factbook placed the coefficient at 45%. The United States' Gini Coefficient was below 40% in 1964 and slightly declined through the 1970s.