The chart below shows the number of households in the US by their annual Income in 2007, 2011 end 2015. Summarise the Information by selecting and reporting the main features, and make comparisons where relevant The chart below shows the number of households in the US by their annual Income in 2007, 2011 end 2015. Summarise the Information by selecting and reporting the main features, and make comparisons where relevant

The chart displays the

number

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of

households

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, in millions, in the US,

according to

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their annual

income

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, in

three

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years

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- 2007, 2011 and 2015. The annual

income

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is divided into five

levels

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-

level

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1 is less than $25,000;

level

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2 is between $25,000 to $49,999;

level

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3 is between $50,000 to $74,999;

level

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4 is between $75,000 to $99,999; and

level

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5 is $100,000 or more.

Overall

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, the largest fluctuation is seen in the

number

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of

households

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who are earning at the highest

level

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, annually, across the

three

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years

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.

On the other hand

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, the

number

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of

households

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who are at

levels

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3 and 4 in terms of their yearly

income

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has almost remained the same throughout. The

number

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of

households

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who are earning at the first two

levels

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has fluctuated only slightly across the

three

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years

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. In terms of the

households

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who are earning the highest

income

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, i.e. $100,000 or more, they fell from around 30

million

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in 2007, to 27

million

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in 2011, and later spiked up to 33

million

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in 2015.

However

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, the

households

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earning in

levels

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3 and 4 remained almost constant at 22

million

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households

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and 15

million

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households

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respectively across the

three

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years

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. In terms of the

households

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earning in

levels

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1 and 2, they fluctuated between 25

million

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and 30

million

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households

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in the given

years

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.

While

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they began at 25

million

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and 27

million

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respectively in 2007, they grew to 28 and 30

million

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in 2011 but fell to 28 and 29

million

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respectively in 2015.