Lorenz curve

• What does the Lorenz curve represent for a country?

  Income distribution
• What does a straight line on the Lorenz curve indicate?

  Perfect equality in income distribution
• What does a 'saggier' Lorenz curve imply about income distribution?

  More income is concentrated among few people
• the Lorenz curve

  
• What are quintiles in data presentation?

  Population divided into 5 groups
• What are deciles in data presentation?

  Population divided into 10 groups
• What percentage of income flow in the UK went to the top 20% of households in 2021?

  42%
• What percentage of income flow in the UK went to the bottom 20% of households in 2021?

  7%
• What does the income distribution in the UK reveal about wealth inequality in 2021?

  • 42% of income to top 20% households
  • Only 7% of income to bottom 20% households
  • Indicates significant wealth disparity
• What percentage of income flow does the bottom 20% of households receive in the UK?

  5%
• What percentage of income flow does the bottom 20% of households receive in Sweden?

  9%
• How does the income flow for the bottom 20% of households in the UK compare to Sweden?

  The UK receives less than Sweden
• What percentage of income flow does the top 10% of households receive in the UK?

  45%
• What percentage of income flow does the top 10% of households receive in Sweden?

  25%
• How does the income flow for the top 10% of households in the UK compare to Sweden?

  The UK receives more than Sweden
• What can be inferred about income distribution in Sweden compared to the UK?

  Sweden has a more equal distribution of income
• Compare the income distribution between the UK and Sweden for the bottom and top households.

  • Bottom 20%:
  • UK: 5%
  • Sweden: 9%
  • Top 10%:
  • UK: 45%
  • Sweden: 25%
  • Conclusion: Sweden has a more equal income distribution.