The bar chart provides a detailed comparison of the number of households in the United states across different annual income in 2007, 2011 and 2015. It highlights the key trends and variations among income distribution over the given years, showcasing both upward and downward trends.
Overall, the bar chart reveals notable differences and trends in the distribution of income among number of households, while higher income groups show an increase in growth.The lower income groups illustrate significant changes, while the middle – income group remained relatively stable.
Generally, in the first year, approximately 29 millions of the people earned 100,000 $ or more in 2007. In 2011, less than 2 million of the households income decreased but it has reached at his highest level in 2015.
2011 is the year when all the other incomes that is below 100000$ were much higher than the past and the future. The peak point is that the most common income was between 25000-49,999$ which was relatively high compared to 2007. Furthermore, it can be seen that 50,000-74,999$ remained the same among households over the period of 2007 to 2015.
In summary, the data displays a clear upward and downward trend among the households and reflects an overall shift towards higher income levels in the United States during this period.