Please enable JavaScript.
Coggle requires JavaScript to display documents.
99% VS 1%, campaign in support of Nazanin Zaghari-Ratcliffe and the…
99% VS 1%
The most widely used summary measure of inequality in the distribution of household income is the Gini coefficient.
The lower its value, the more equally household income is distributed.
The Gini coefficient is a measure of the way in which different groups of households receive differing shares of total household income.
For example, the bottom 5% of households might only have a 1% share of total household income. The bottom 10% of households might have a 3% share; the bottom 20% might have an 8% share, and so on.
The Gini coefficient is a measure of the overall extent to which these groupings of households, from the bottom of the income distribution upwards, receive less than an equal share of income.
The concept is expressed more formally by the Lorenz curve of household income distribution, from which the Gini coefficient can be calculated.
Based on a ranking of households in order of ascending income, the Lorenz curve is a plot of the cumulative share of household income against the cumulative share of households. The curve will lie somewhere between two extremes.
Complete equality, where income is shared equally among all households, results in a Lorenz curve represented by a straight line.
The opposite extreme, complete inequality, where only 1 household has all the income and the rest have none, is represented by a Lorenz curve which comprises the horizontal axis and the right-hand vertical axis.
The Gini coefficient is the area between the Lorenz curve of the income distribution and the diagonal line of complete equality, expressed as a proportion of the triangular area between the curves of complete equality and inequality.
Complete equality would result in a Gini coefficient of zero, and complete inequality, a Gini coefficient of 100.
-
-
-
34,000 children and young people through our human rights education activities.
We also reached 5,000 adults through a Universal Declaration of Human Rights Massive Open Online
Course (UDHR MOOC), staff-led training and the Speaker and Trainer Programmes.
Set up a legal campaign to help 120,000 children in the UK without British citizenship, approximately 65,000 of whom
were born here
“It is obscene for so much wealth to be held in the hands of so few when 1 in 10 people survive on less than $2 a day. “Across the world, people are being left behind.
The UK has the 7th most unequal incomes of 30 countries in the developed world, but is about average in terms of wealth inequality. While the top fifth have nearly 50% of the country's income and 60% of the country's wealth, the bottom fifth have only 4% of the income and only 1% of the wealth.
Median income for the poorest fifth of people fell by 4.3% per year over the two years up to FYE 2019,
following average annual growth of 3.4% over the four years leading up to FYE 2017
Median income of the richest fifth also fell between FYE 2017 and FYE 2019 (0.4% per year), meaning that
despite average annual growth of 1.7% per year between FYE 2013 and FYE 2017, average income
-
Disposable income
Disposable income is the amount of money that households have available for spending and saving after direct taxes (such as Income Tax and Council Tax) have been accounted for. It includes earnings from employment, private pensions and investments, as well as cash benefits provided by the state.
-
-
-
-
-
