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Income Inequality in the USA and Worldwide definitions

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  • Income Inequality
    Variation in earnings among households, highlighting economic disparities within a population.
  • Household Income
    Total earnings received by all members of a household, used to measure economic status.
  • US Census Bureau
    Government agency providing statistical data on income distribution and demographic trends.
  • Economic Disparity
    Significant difference in financial resources between groups, often seen in income statistics.
  • Rich-Poor Gap
    Contrast between high and low earners, illustrating the extent of unequal income distribution.
  • Global Income Distribution
    Pattern of earnings across countries, revealing differences in economic equality worldwide.
  • Bolivia
    Country noted for high income disparity, with a large difference between top and bottom earners.
  • Japan
    Country recognized for relatively low levels of income inequality compared to global standards.
  • Sweden
    Nation known for minimal income disparity, often cited as an example of economic equality.
  • Income Ratio
    Comparison of earnings between the highest and lowest segments of a population.
  • Survey Data
    Collected information used to analyze and quantify income differences among populations.
  • Economic Issue
    Topic of concern in economics, such as unequal income levels affecting societal well-being.
  • Highest 20 Percent
    Segment of a population with the greatest earnings, often used in income inequality analysis.
  • Lowest 20 Percent
    Group with the least earnings, serving as a benchmark for measuring income disparity.
  • Income Distribution
    Allocation of earnings across individuals or households, central to understanding inequality.