Measuring Income Inequality

Issued by Federal Reserve Bank of St. Louis

There are many different types of inequality among people: educational attainment, work experience, and health—to name a few. Income and wealth inequality results from a combination of personal and social factors. Knowing how to interpret different measures of economic inequality will help you think critically about data.

Type Learning
Level Foundational
Time Hours
Cost Free

Additional Details

Skills

Earning Criteria

To earn this badge you will complete a knowledge check, interact with FRED, complete two data explorations, and demonstrate your ability to transfer skills.

Standards

Reduce Extreme Economic Inequality

Economic inequality permeates our society and has increased over recent decades. We need a new social contract to reverse this trend. Innovation that focuses on increasing the income of the poor, building income and wealth stability, and changing policies and mechanisms that concentrate wealth among the wealthy can reduce the current disparities.