The United States Census Bureau reports that the country's Gini coefficient is 0.485, the highest it has been in 50 years.
A population's income distribution is measured by the Gini index, sometimes known as the Gini coefficient. It was created by the Italian statistician Corrado Gini in 1912 and is frequently used to measure income inequality or, less frequently, wealth disparity among a population.
The coefficient is a number between 0 (or 0%) and 1 (or 100%), where 0 denotes complete equality and 1 denotes perfect inequality. Positive wealth or income might possibly result in values higher than 1.
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