The Gini coefficient measures income inequality in a population.
✓ TRUE FACT
The Gini coefficient is usually shown on a 0 to 1 scale (or 0 to 100): 0 means perfect equality and 1 means maximum inequality. It’s useful for comparisons, but results can shift depending on whether you measure pre-tax vs post-tax income and how surveys are run.
🤯 "The Gini coefficient measures income inequality in a population. A fun reminder that someone’s yacht is your student loan."