Chart Shows Households by Annual Incomes IELTS Writing Task 1

Generally, during the course of the eight-year period, the number of households earning between $50,000 and $99,999 was relatively consistent, whereas the income groups with the lowest and highest incomes—those earning below $49,999 and those earning over $100,000—saw increases. Interestingly, most US households made $100,000 or more, with the $75,000 to $99,999 income bracket being very small.

The number of people in the income bracket below $49,999 increased slightly. Slightly fewer than the 27 million households earning between $25,000 and $49,999, there were 25 million households earning less than $25,000. Both groups have shown moderate increase by 2015, when there were about 28 million households in each.

On the other hand, there were fewer households in the $50,000–$99,999 income bracket. 21 million households made between $50,000 and $74,999, and roughly 15 million made between $75,000 and $99,999. These numbers did not change over the course of the study.

The group with the greatest income, those making over $100,000, had the most shift. Although there was a brief decline to 27 million in 2011, this group had a rising trend, rising from around 30 million homes in 2007 to a peak of 33 million in 2015.

Families earning between $75,000 and $99,999 per year continued to be less well-liked than other households overall.

The data shows that, on average, households earning $100,000 or more in a single year were well-liked after three years, whereas households with gains between $75,000 and roughly $100,000 practically did not change over the same period of time. Families earning between $25, 000 to $49, 999 were the majority in 2011 compared to the previous two years.

Although in 2007 it was just twenty-five million dollars, households earning less than $25,000 annually continued to rise year after year, reaching a total of 28 million dollars in 2011. Families earning between $50,000 and $75,000 per year did not vary, despite households earning up to $100,000 annually.

In general, the number of households with the lowest incomes and the highest incomes rose at the conclusion of the research period, but the number of homes with moderate incomes did not change.

Of US families, 25 million made less than $25,000. A household's income ranged from $25,000 to $49,000 in 2007. Moreover, the middle income range for 20 million people was $50,000–$74,999. Furthermore, the fewest number of households—roughly 15 million—earned more than the medium income range of $75,000 to $99,000, while the greatest number of households—roughly 29.5 million—earned more than $100,000.

Notably, these patterns persisted until the conclusion of the research period. In 2015, the highest profits were possessed by around 34 million households on multiple occasions. Additionally, the households earning middle-class or higher-class incomes mostly stayed the same. In 2015, the number of households with the lowest income or those earning more than the lowest income rose to 26 million and 26.5 million, respectively.