Writing report

The given chart conveys the relationship between the number of households in the US by their incomes earned per year in given years: 2007,2011 and 2015. Incomes vary in different categories from earning less than $25,000 to more than $100,000 annually. The number of US households of annual income of $100,000 or more has been more superior among the three years excluding 2011 where the number of US households earning $100,000 per year comes in third place. However, the number of households earning $75,000-$99,999 per year has subsequently been the lowest across the three years with an average of 15 million households. Furthermore, in 2017, 25 million US households earned less than $25,000 annually, approximately, 27 million US households earned $25,000-$49,999, 20 million earned $50,000-$74,999, 15 million earned $75,000-$99,999 and the highest number of US households earned $100,000 or more with approximately 30 million households. Significant changes can be seen from the year 2011 to 2015 as the highest number of households changed from those earning $25,000-$49,999 to $100,000 or more annually. In contrast, households earning lower than $100,000 did not experience any significant change between the two years.