The chart below shows the number of households in the US by their annual income in 2007,2011 and 2015. Summarise the information by selectig and reporting the maain features and make the compariosn where relevant.

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

Summarise the information by selectig and reporting the maain features and make the compariosn where relevant.
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The bar graph illustrates family tallies in the US by their yearly income in 2007, 2011, and 2015.
Overall
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, we observe that across all three years, the number of households earning between $50000-$74000 and $75000-$99,999 per year was nearly the same, and stagnant.
However
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, for other income slabs, the numbers have been fluctuating. On closer examination, we see that, in 2007, approximately 35 million families had total earnings ranging from $50000-$99,999, since
then
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this
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figure has remained the same.
Conversely
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, in 2007, roughly 25 families had total salaries of less than $25000, and
this
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figure had reached close to 300000, before witnessing a drop in 2015 by 3. A similar trend was observed in the case of houses whose salaries were varying from $25000-$49,999. Interestingly, the majority of the Households had an annual income of more than a hundred thousand dollars, in 2015, there were more than 30
such
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houses.
Submitted by yashaswikhot on

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Vocabulary: The word "figure" was used 2 times.
Vocabulary: The word "figure" was used 2 times.
Topic Vocabulary:
  • annual income
  • household
  • income range
  • lower-income
  • middle-income
  • higher-income
  • trends
  • economic factors
  • policy changes
  • socioeconomic planning
  • features
  • comparison
  • increase/decrease
  • fluctuations
  • number of households
  • data analysis
  • observed changes
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