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What do the charts tell us about the distribution of income in the U.S.?

What do the charts tell us about the distribution of income in the U.S.?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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What do the charts tell us about the distribution of income in the U.S.?

V FIGURE 1.1 Measuring Economic Equality Economic inequality can be measured using the Gini coefficient, which measures the distribution of wealth across a population. States with the Highest Levels of Income Inequality Lowest Highest # 32 #30 #31 VT - #42 #35 #28 # 38 -NH - #47 #40 #41 -MA - #6 #42 #1 #48 #24 RI - #17 `CT - #2 NJ - #12 DE - #39 #44 #21 #45 #34 # 10 #37 #25 #27 #22 #49 #29 #4 #33 #26 MD-#36 #16 #15 #11 #20 #23 # 14 #18 #19 #9 |#13 #7 #8 #3! #5 #50 #46 Source: Chris Kolma, "States with the Highest Levels of Income Inequality," Zippia, hitps:/www.zippia.com/advice/states-highest-lovwest-income-inequality/.
Transcribed Image Text:V FIGURE 1.1 Measuring Economic Equality Economic inequality can be measured using the Gini coefficient, which measures the distribution of wealth across a population. States with the Highest Levels of Income Inequality Lowest Highest # 32 #30 #31 VT - #42 #35 #28 # 38 -NH - #47 #40 #41 -MA - #6 #42 #1 #48 #24 RI - #17 `CT - #2 NJ - #12 DE - #39 #44 #21 #45 #34 # 10 #37 #25 #27 #22 #49 #29 #4 #33 #26 MD-#36 #16 #15 #11 #20 #23 # 14 #18 #19 #9 |#13 #7 #8 #3! #5 #50 #46 Source: Chris Kolma, "States with the Highest Levels of Income Inequality," Zippia, hitps:/www.zippia.com/advice/states-highest-lovwest-income-inequality/.
AVERAGE INCOME PER FAMILY Distributed by income group тоP О.01% $23,846,950 Top o.01% Top o.01-0.1% Тоp 1% Тор 1-10% 24 тоP О.01-0.1% $2,802,020 Bottom g0% 2. тоP 1% $1,019,089 тOP 1-10% $161,139 воттом 90% $29,840 2010 data. Includes capital gains. Source: Emmanuel Saez, University of California-Berkeley
Transcribed Image Text:AVERAGE INCOME PER FAMILY Distributed by income group тоP О.01% $23,846,950 Top o.01% Top o.01-0.1% Тоp 1% Тор 1-10% 24 тоP О.01-0.1% $2,802,020 Bottom g0% 2. тоP 1% $1,019,089 тOP 1-10% $161,139 воттом 90% $29,840 2010 data. Includes capital gains. Source: Emmanuel Saez, University of California-Berkeley
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