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Bar Chart

Band 7+: The bar chart compares the number of households categoried by annual income in the US in three different years 2007, 2011,2015

Image for topic: The bar chart compares the number of households categoried by annual income in the US in three different years 2007, 2011,2015
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The image displays a bar chart showing the number of US households in millions by annual income for the years 2007, 2011, and 2015. For 2007: Less than $25,000 is approximately 28 million, $25,000–$49,999 about 25 million, $50,000–$74,999 around 20 million, $75,000–$99,999 around 15 million, and $100,000 or more is approximately 12 million. For 2011: Less than $25,000 around 29 million, $25,000–$49,999 about 22 million, $50,000–$74,999 around 20 million, $75,000–$99,999 close to 15 million, and $100,000 or more around 17 million. For 2015: Less than $25,000 approximately 22 million, $25,000–$49,999 close to 24 million, $50,000–$74,999 about 22 million, $75,000–$99,999 around 18 million, and $100,000 or more around 25 million.
Given the complexity of the image, the above description may not be entirely accurate.
Note: Both the topic and the answer were created by one of our users.

The bar chart illustrates the annual income of US households divided into five different groups in three different years: 2007, 2011, 2015.

Overall, the majority of US households had an income of $100,000 or more, while the $75,000 to $99,999 income group accounted for a minority.

In 2007, the less than $25,000 income group and the $25,000 to $49,999 group accounted for 25% and 27% respectively. Over the four year period, all of both categories increased slightly, by 28% and 30% respectively, before experiencing a minimal reduction in 2015. The number of US households earning from $50,000 to $74,000 remained relatively stable from 2007 to 2015.

In the $75,000 to $99,999 income category, there was moderate fluctuation in the years studied. Roughly 14% of the proportion of US households earning between $75,000 to $99,999 in 2007. In 2011, the income of that group hit a low of only 13%, then increased insignificantly to 15% by 2015. By contrast, in 2007 the $100,000 or more income category recorded 30% which was the highest income group among all five categories, reaching a peak of 33% in 2015.

Word Count: 185

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The bar chart compares the number of households categoried by annual income in the US in three different years 2007, 2011,2015

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The bar chart compares the number of households categoried by annual income in the US in three different years 2007, 2011,2015

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