Income Gini Ratio of Families by Race of Householder, Hispanic Origin (Any Race)
GINIHARF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.46
Year-over-Year Change
-0.44%
Date Range
1/1/1972 - 1/1/2023
Summary
The Income Gini Ratio of Families by Race of Householder, Hispanic Origin (Any Race) measures income inequality within this demographic group. It is a key metric for understanding trends in economic stratification.
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, ranging from 0 (perfect equality) to 1 (maximum inequality). This series tracks how income is distributed among Hispanic or Latino families in the United States.
Methodology
The data is calculated from the U.S. Census Bureau's Current Population Survey.
Historical Context
The Gini ratio is widely used by policymakers and economists to assess economic fairness and guide interventions.
Key Facts
- The Gini ratio ranges from 0 (perfect equality) to 1 (maximum inequality).
- In 2021, the Gini ratio for Hispanic families was 0.439.
- Income inequality has risen among Hispanic families in recent decades.
FAQs
Q: What does this economic trend measure?
A: The Income Gini Ratio measures the distribution of income within the Hispanic or Latino family demographic in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Gini ratio is a key indicator of economic inequality that informs policy decisions and analysis of household financial well-being.
Q: How is this data collected or calculated?
A: The data is calculated from the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the Gini ratio to assess income inequality and guide interventions to promote more equitable economic outcomes.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, and may not fully capture all income sources.
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Citation
U.S. Federal Reserve, Income Gini Ratio of Families by Race of Householder, Hispanic Origin (Any Race) (GINIHARF), retrieved from FRED.