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The states of Utah, Alaska and Wyoming have a market income Gini coefficient that is 10% lower than the average, while Washington D.C. and Puerto Rico are 10% higher. After-tax, the Federal Reserve estimated that 34 states in the US have a Gini index between 30 and 35, with Maine the lowest. [198] At the county and municipality levels, the 2010 ...
Therefore, a lower Gini score is roughly associated with a more equal distribution of income and vice versa. In 2018 U.S. income inequality as measured by the Gini index was close to the highest recorded values ever. [15] [16] The information was tabulated in 2019 from data from the American Community Survey (ACS) conducted by the US Census Bureau.
As of 2013, the top 1% of households owned 38% of the stock market wealth. As of 2013, the top 10% own 81% of the stock wealth, the next 10% (80th to 90th percentile) own 11% and the bottom 80% own 8%. The Federal Reserve reported the median value of stock ownership by income group for 2016: Bottom 20% own $5,800. 20th-40th percentile own $10,000.
A well-documented aspect of the 2023 stock market rally was how seven large technology stocks — Apple , Alphabet (GOOGL, GOOG), Microsoft , Amazon , Meta , Tesla , and Nvidia — drove most of ...
In economics, the Gini coefficient (/ ˈ dʒ iː n i / JEE-nee), also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income inequality, the wealth inequality, or the consumption inequality [2] within a nation or a social group. It was developed by Italian statistician and sociologist ...
800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 ... The 2023 stock market rally has entered a healthier phase in the past month. With ...
The stock market has bounced back somewhat during the first few months of 2023. But it has not been significant enough to repair the damage of a nearly 20% drop in the S&P 500 index last year.
Income from black market economic activity is not included. The Gini coefficient is a number between 0 and 1 or 100, where 0 represents perfect equality (everyone has the same income), while an index of 1 or 100 implies perfect inequality (one person has all the income and everyone else has no income).