Income Gini Ratio of Families by Race of Householder, White Alone
GINIWAF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.44
Year-over-Year Change
0.23%
Date Range
1/1/2002 - 1/1/2023
Summary
The Income Gini Ratio of Families by Race of Householder, White Alone measures income inequality within white families in the United States. It is a key metric for analyzing economic 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 statistical measure of income distribution that ranges from 0 (perfect equality) to 1 (perfect inequality). This series specifically tracks the Gini ratio for white families, providing insights into the degree of income inequality within that demographic.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Policymakers and economists use this metric to assess the state of income inequality and inform decisions on taxation, welfare, and economic development programs.
Key Facts
- The Gini ratio for white families was 0.434 in 2021.
- Income inequality has increased among white families since the 1970s.
- The Gini ratio for all U.S. families was 0.489 in 2021.
FAQs
Q: What does this economic trend measure?
A: The Income Gini Ratio of Families by Race of Householder, White Alone measures the degree of income inequality within white families in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into economic disparities and the distribution of income within the white demographic, which is crucial for informing policy decisions and understanding broader trends in income inequality.
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: Policymakers and economists use this Gini ratio to assess income inequality and inform decisions on taxation, welfare, and economic development programs targeting white households.
Q: Are there update delays or limitations?
A: The data is updated annually, with a slight delay from the reference year. There may be limitations in capturing all income sources for some families.
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Citation
U.S. Federal Reserve, Income Gini Ratio of Families by Race of Householder, White Alone (GINIWAF), retrieved from FRED.