Poverty
Indicators of low Inequality
- Gini Coefficient of Income Inequality
The Gini coefficient is a summary measure of income inequality that varies from 0 (perfect equality) to 1 (complete inequality). It conveys the extent to which the income distribution differs from a hypothetical perfectly equal distribution in which each segment of the population receives a share of income exactly equal to its size (e.g. 40 percent of the population receives 40 percent of the total income).
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Indicators of low poverty
- Poverty Rate, 100% FPL
The poverty rate is the percentage of the population that earns an income below the federal poverty threshold (sometimes referred to as the federal poverty level), adjusted for family size and composition. If a family’s total income is less than the family’s threshold, then that family and every individual in it is considered in poverty. The thresholds are updated each year by the U.S. Bureau of the Census in accordance with the Consumer Price Index.
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- Poverty Rate, 200% FPL
The poverty rate is the percentage of the population that earns an income below 200% of the federal poverty threshold, adjusted for household size and age of residents within the household. The threshold is updated each year by the U.S. Bureau of the Census in accordance with the Consumer Price Index.
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- Median Household Income
Median household income is the amount of income in U.S. dollars earned by not more and not less than 50% of all households. Half of households have a higher income and half of households have a lower income than this amount.
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