Income inequality here tapered to its narrowest in almost two decades, after income for the bulk of households rose by up to 5.6% while the top 10% saw their income grow just 0.4%.
The Gini coefficient – which measures income inequality from 0 to 1, with 0 being most equal – fell to 0.452 last year, lower than 0.458 in 2018 and the lowest since 2001, according to the Department of Statistics’ Key Household Income Trends report released yesterday.
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