Monday, October 31, 2011

US Individual Income Equality Static For At Least 15 Years

From Political Calculations blog, "The Real Story Behind 'Rising' U.S. Income Inequality" by Ironman:
there has been absolutely no significant change in the level of inequality among U.S. individual income earners from 1994 through 2010, we thought we'd take a step back and look at the data for U.S. families and for households to examine those trends over time.

The chart below shows what we find for each grouping of Americans according to their Gini Coefficient, where a value of 0 indicates perfect equality (everyone has the same income) and a value of 1 indicates perfect inequality (one person has all the income, while everyone else has none):

Read the complete Political Calculations blog post.

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