Income Inequality, Poverty, and Discrimination allassignmenthelp.com

The income inequality can be measured by looking at the percentage of households in the categories based on income.
The other method is to divide the various elements such as individuals or households into five groups. The data on income inequality suggests that almost 20 percent gather 51.1 percent of the overall income generated by the country. On the other hand, the bottom 20 percent of the population gets only 3.2 percent of the total income. The Lorenze curve and Gini ratio depicts the presence of income inequality. The Lorentz curve shows downward shift from the Perfect equality curve. On the other hand, the Gini ratio shows the value 0.477 fir the data of 2011. The higher Gini ratio states high degree of inequality.