The Gini index, which measures how income is distributed, reached 0.47 for 2011, its highest point in more than 40 years. The increase represented a 1.6 percentage leap from 2010 and the first statistically significant increase since 1993. What it really means is that the gap between the haves and have-nots is increasing. The index is set up so that a score of ’0′ means that our country’s wealth is distributed perfectly evenly; a score of ’1′ means that one individual is receiving all the income.
FBL and Gen Re also have changes to announce.
The company says it disagrees with New York about how to account for LTCI rate increases.
The earnings figure securities analysts care about went up.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.