Share of Income Earned by Top 1 Percent, 1975-2015. Summarise the information by selecting and reporting the main features and make comparisons where relevant.
Sample Answer: Share of Income Earned by Top 1 Percent, 1975-2015
📊 The line graph illustrates the share of net worth held by the top 1% of the population in seven different countries from 1975 to 2015. The data is presented in percentages.
🔍 Overall, the United States experienced a significant rise in wealth concentration among the top 1% by the end of the period, while Germany held the highest share at the beginning of the timeline.
🇺🇸 In 1975, the US had a net worth share of under 10% for the top 1%. This figure surpassed 10% after 1985, then showed fluctuations, reaching around 15% in 2000, and continued to increase steadily, ending the period between 15% and 20% in 2015.
🇨🇦 The share of Canada was almost equal to that of the US in 1975. Over time, it gradually rose and by 2010, it had reached the same level where Germany’s share concluded. This indicates a steady upward trend.
🇮🇹 In Italy, the net worth share of the top 1% began at slightly above 5%. It showed minor fluctuations until 1985, after which it consistently increased throughout the remaining years.
🇩🇪 Germany had the highest share in 1975, but this figure declined, dropping below 10% by 1995. After 2005, it rose again, eventually exceeding 10% before the end of the period.
🇬🇧🇫🇷 Both the UK and France maintained a moderate range, with the top 1% holding between 5% and 10% throughout the entire period. There were no dramatic shifts in their trends.
🇯🇵 Interestingly, Japan mirrored France’s pattern, with the share of the top 1% staying relatively stable across the years, also ranging between 5% and 10%.
📌 In summary, while Germany started with the highest concentration of wealth among the top 1%, by 2015, the United States had overtaken all other countries, showing the most significant growth in inequality in terms of net worth distribution.
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✅ Band 8+ IELTS Tips:
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Keep your tense consistent (usually past simple for time-based data).
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Use precise vocabulary like “fluctuated,” “peaked,” “declined,” and “remained steady.”
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Avoid vague terms like “same level” unless the percentage is clearly stated or can be compared.
