Income Gini Ratio for Households by Race of Householder, Black Alone
GINIBAH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.50
Year-over-Year Change
-0.20%
Date Range
1/1/2002 - 1/1/2023
Summary
The Income Gini Ratio for Households by Race of Householder, Black Alone measures income inequality among Black households in the United States. It is a key indicator of economic disparity and an important metric for policymakers and researchers studying racial equity.
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 of income distribution that ranges from 0 to 1, where 0 represents perfect equality and 1 represents maximum inequality. This series focuses specifically on Black households, providing insights into the degree of income inequality within this demographic.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
The Gini ratio is widely used to analyze trends in income inequality and inform economic and social policies.
Key Facts
- The Gini ratio ranges from 0 to 1, with 0 representing perfect equality.
- A higher Gini ratio indicates greater income inequality within a group.
- The Gini ratio for Black households is higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The Income Gini Ratio for Households by Race of Householder, Black Alone measures the level of income inequality among Black households in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the degree of economic disparity within the Black community, which is crucial for understanding and addressing issues of racial equity.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: The Gini ratio is widely used by policymakers, economists, and researchers to analyze trends in income inequality and inform economic and social policies aimed at promoting greater equity.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodology of the U.S. Census Bureau's Current Population Survey.
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Citation
U.S. Federal Reserve, Income Gini Ratio for Households by Race of Householder, Black Alone (GINIBAH), retrieved from FRED.