One of the slightly obscure topics in IB Economics is the Gini Coefficient, a numerical measurement of a country’s income inequality. As simply as possible, if the income in a country is distributed exactly evenly among all people, a Gini Coefficient would be zero. On the other hand, the worst possible inequality, where one person earned all of a country’s income, would result in a Gini Coefficient of one. So here’s a chart I found interesting (heck it’s interesting just to find anything that mentions the Gini Coefficient!) Conclusion from the chart: income inequality in the US is not changing a whole lot. Sort of goes against the narrative that the gulf is getting wider between the rich and the poor. Judge for yourselves, but be informed.

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