the chart below shows the number of households in the us by their annual income in 2007, 2011, and 2015

the chart below shows the number of households in the us by their annual income in 2007, 2011, and 2015
A glance at the bar chart reveals how many households were in the US in 2007, 2011 and 2015. The given bar manifests five ranges of yearly income as the categories.
Overall
, it is apparent that families earning $100,000 and more were dominating the US as the figure stood out the most in two out of three given years. Meanwhile, those with $75.000 - $99.000 annual revenue were the minority as their number remained the same throughout the period. In 2007, the three
majorities
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majority
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households inhabiting the US were those annually generating $100.000 or more at almost 30 million, $25,000 - $49,999 at around 27, and less than $25.000 at exactly 25, respectively. The number
subsequently
saw an increase in which those with incomes of $25,000 - 49,999 and less than $25,000 outnumbered those who earned $100.000 annually.
However
, the $100,000-income households successfully bounced back and culminated as the highest of all other categories in 2015.
On the other hand
, the other two categories are minority families with incomes of $50.000-$74.999 and $75.000-$99.999 each, with both figures illustrating uniform patterns. Those earning $50.000-$74.999 began at just above 20 million in 2007 and it hovered around that level in 2011 and 2015.
Likewise
, $75.000-$99.99- income families constituted the lowest number of population commencing at slightly below 15 and levelled off in the other two periods.
Submitted by 2024successielts on

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Topic Vocabulary:
  • Economic landscape
  • Household income
  • Economic health
  • Income brackets
  • Trends
  • Inflation
  • Unemployment rates
  • Job market
  • Income disparity
  • Housing affordability
  • Access to education
  • Quality of life
  • Economic policies
  • Income inequality
  • Mitigating
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