The Share Of Income Earned By The Top 1 Percent From 1975 To 2015

Sample report

The line graph shows the share of income owned by top 1 percent of the population in seven countries between 1975 and 2015. In 1975, the top 1 percent of Germans shared 10% of the income. Their share increased slightly over the next 5 years and then it dropped to about 7% before climbing back again. It dropped again and throughout the given period kept fluctuating. In 2010, the top 1 percent owned as much as 13% of the total income. In the US, only about 7% of the total income was shared by the top 1 percent in 1975. There was not much increase in the wealth of the wealthiest until 1985 and then it started growing dramatically although there were minor fluctuations throughout the given period. By 2015, the top 1 percent of the US population owned about 18% of the total income. The US also had the highest percentage of the total income being owned by just one percent of the population. The other two countries where there was a significant increase in the percentage of income owned by the wealthiest 1 percent were Canada and United Kingdom. Although the income shared by the wealthiest in Japan, France and Italy also increased during the given period, the growth was not as dramatic as in the US or the UK. Interestingly in all countries except the US and France, the percentage of income controlled by the top 1 percent dipped after 2010.

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Manjusha Nambiar

Hi, I'm Manjusha. This is my blog where I give IELTS preparation tips.