6/13/11

The age of the highest income inequality

In Figure 1, we present the evolution of age dependent Gini ratio in the U.S. as reported by the Census Bureau. These estimates were obtained during the annual current population surveys. It is instructive to compare Gini ratios in various age groups.
Before 2003, the group with the highest ratio was between 55 and 64 years of age. Currently, the highest ratio belongs to the youngest (15 to 24 years of age) age group at the level of 0.51.  The smallest Gini ratio (~0.43) is shared by the age group between 25 and 34 years of age and the oldest group over 75 years.  The former group is characterized by a very stable Gini ratio between 1994 and 2009.

Figure 1. Evolution of Gini ratio in various age groups as reported by the Census Bureau.
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