The Gini index

/Tag: The Gini index

Income inequality highest in more than 50 years: census

Income inequality in the United States is at its highest point since data started being collected more than 50 years ago, according to Census Bureau numbers. The Gini index that measures income inequality grew significantly from 0.482 in 2017 to 0.485 in 2018, The Associated Press reported. The scale ranges from zero, exemplifying perfect equality, to one, if one

Income inequality is neither ubiquitous nor inevitable.

Rising levels of inequality has become a key political issue in recent years; “the defining issue of our time,” as Barack Obama described it back in 2013. It was at the heart of the Occupy movement protests, and has received a huge amount of attention in the media and in policy circles. But much of this