This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: wealth, 68 percent, is owned by only 10 percent of the nations families. The super-rich, the richest 1 percent of U.S. families, are worth more than the entire bottom 90 percent of Americans. This unequal distribution of income and wealth has been remarkably stable; the changes that do occur indicate growing inequality.- Also, there have been persistent differences in income and wealth between men and women, the young and old, and white and non-white Americans. The income inequality of a population is commonly measured using the Gini index . The Gini index ranges from 0, indicating perfect equality to 1, indicating perfect inequality. The increase in the Gini index for household income between 1970 and 1999 indicates a significant increase in income inequality....
View Full Document
This note was uploaded on 11/08/2011 for the course SCIE SYG2000 taught by Professor Bernhardt during the Fall '10 term at Broward College.
- Fall '10