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

of

households

, in millions, in the US,

according to

their annual

income

, in

three

years

- 2007, 2011 and 2015. The annual

income

is divided into five

levels

-

level

1 is less than $25,000;

level

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

level

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

level

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

level

5 is $100,000 or more.

Overall

, the largest fluctuation is seen in the

number

of

households

who are earning at the highest

level

, annually, across the

three

years

.

On the other hand

, the

number

of

households

who are at

levels

3 and 4 in terms of their yearly

income

has almost remained the same throughout. The

number

of

households

who are earning at the first two

levels

has fluctuated only slightly across the

three

years

. In terms of the

households

who are earning the highest

income

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

million

in 2007, to 27

million

in 2011, and later spiked up to 33

million

in 2015.

However

, the

households

earning in

levels

3 and 4 remained almost constant at 22

million

households

and 15

million

households

respectively across the

three

years

. In terms of the

households

earning in

levels

1 and 2, they fluctuated between 25

million

and 30

million

households

in the given

years

.

While

they began at 25

million

and 27

million

respectively in 2007, they grew to 28 and 30

million

in 2011 but fell to 28 and 29

million

respectively in 2015.