Friday: No Major Economic Releases
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Friday:
• At 10:00 AM ET, *University of Michig...
1 hour ago
2 comments:
This is a little nit-picky because all the GINI scores are so close to .5. However, your statement, "The higher the coefficient, the greater the income inequality." is incorrect.
The correct statement is:
The higher the coefficient, the greater the income EQUALITY.
Anonymous,
I said it correctly. You have it backward.
Gini coefficient
The Gini coefficient is a measure of the inequality of a distribution, a value of 0 expressing perfect equality where everyone has equal shares of income and a value of 1 expresses maximal inequality where only one person has all the income.
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