The chart below gives information about how families in one country spent their weekly income in 1968 and in 2018.

The chart below gives information about how families in one country spent their weekly income in 1968 and in 2018.
The given bar chart presents the change in average weekly spending by families in a particular country in 1968 and 2018.
Overall
,
it is clear that
there was a drastic change in family expenditure habits in the five decades. In 1968, people spent most of their money on food
while
in 2018, people’s spending was more spread out into different areas. Looking into the data in more detail, one can see that in the 60s, people spent most of their income on food which consumed 35% of their weekly income. Followed by housing and the area of clothing and footwear, both accounted for 10% of their income. In 2018, the expenditure on food dropped remarkably from 35% to around 16%. Spending on clothing, footwear and personal goods was halved before.
However
, housing expenses expanded significantly by approximately 20% in the 50 years. Leisure became more critical in people’s lives, and people's spending on leisure rose more than double in 2018. Transport expenses had a slight increase of 5% in 2018. The amount spent on household goods remains unchanged from 1968 to 2018.
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Vocabulary: The word "change" was used 2 times.
Topic Vocabulary:
  • Weekly income
  • Expenditure
  • Consumption patterns
  • Cost of living
  • Discretionary spending
  • Inflation
  • Economic indicators
  • Demographics
  • Socio-economic factors
  • Technology advancements
  • Government policies
  • Consumerism
  • Lifestyle changes
  • Fiscal habits
  • Budget allocation
  • Financial priorities
  • Societal trends
  • Purchasing power
  • Income distribution
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