The bar chart illustrates the total number of families in the US based on the family’s income for the year 2007, 2011 & 2015.
Overall, the number of families with the income of less than $25,000 has been increased over the period; nevertheless, family having income between $50,000 to $99,999 there has not much changes. Whereas, the family that have income of $100,000 or more has highest in the latest years.
In 2007, household earning reached nearly to 28 million whereas in 2011 it reached less than 25,000 approximately of 25 mln. The annual income of household earning $25,000 to $49,989 reached around 30 million, whereas, in 2007 household earning were around 27 million. Similarly, $50,000 to $74,999 in all year same period. Again, in 2011 it get below 15 million while after 4 year it increased to 15 million. On the other hand, in 2011 27 million whereas in 2015 household earning $100,000 or more got highest number of around 27 million.
In summary, between 2007 and 2015 the number of US household their annual income got fluctuated but $50,000 to $74,999 income remain constant in some period