1 dataset found
  1. U.S. household income Gini Index 1990-2023

    • statista.com
    Updated Sep 16, 2024
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    Statista (2024). U.S. household income Gini Index 1990-2023 [Dataset]. https://www.statista.com/statistics/219643/gini-coefficient-for-us-individuals-families-and-households/
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    Dataset updated
    Sep 16, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    In 2023, according to the Gini coefficient, household income distribution in the United States was 0.47. This figure was at 0.43 in 1990, which indicates an increase in income inequality in the U.S. over the past 30 years. What is the Gini coefficient? The Gini coefficient, or Gini index, is a statistical measure of economic inequality and wealth distribution among a population. A value of zero represents perfect economic equality, and a value of one represents perfect economic inequality. The Gini coefficient helps to visualize income inequality in a more digestible way. For example, according to the Gini coefficient, the District of Columbia and the state of New York have the greatest amount of income inequality in the U.S. with a score of 0.51, and Utah has the greatest income equality with a score of 0.43. The Gini coefficient around the world The Gini coefficient is also an effective measure to help picture income inequality around the world. For example, in 2018 income inequality was highest in South Africa, while income inequality was lowest in Slovenia.

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Share
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TwitterTwitter
Email
Click to copy link
Link copied
Close
Cite
Statista (2024). U.S. household income Gini Index 1990-2023 [Dataset]. https://www.statista.com/statistics/219643/gini-coefficient-for-us-individuals-families-and-households/
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U.S. household income Gini Index 1990-2023

Explore at:
30 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Sep 16, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
United States
Description

In 2023, according to the Gini coefficient, household income distribution in the United States was 0.47. This figure was at 0.43 in 1990, which indicates an increase in income inequality in the U.S. over the past 30 years. What is the Gini coefficient? The Gini coefficient, or Gini index, is a statistical measure of economic inequality and wealth distribution among a population. A value of zero represents perfect economic equality, and a value of one represents perfect economic inequality. The Gini coefficient helps to visualize income inequality in a more digestible way. For example, according to the Gini coefficient, the District of Columbia and the state of New York have the greatest amount of income inequality in the U.S. with a score of 0.51, and Utah has the greatest income equality with a score of 0.43. The Gini coefficient around the world The Gini coefficient is also an effective measure to help picture income inequality around the world. For example, in 2018 income inequality was highest in South Africa, while income inequality was lowest in Slovenia.

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