This
bar chart presents data depicting the expenditure patterns of families in a particular country from 1968 to 2018. It is evident from the chart that, in 2018, families allocated over 10% of their weekly income to various categories.
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According to
the presented information, in 1968, food expenditure constituted 35% of the weekly income. Linking Words
This
figure significantly decreased by about 18%, reaching 17% in 2018. Linking Words
Conversely
, housing witnessed a noteworthy increase from 10% in 1968 to 18% in 2018. Transport and leisure expenditures experienced a dramatic surge from 8% to 14%, and 9% to 22%, respectively.
Concerning the remaining categories (fuel and power, clothing, housing, and personal goods), they exhibit a similar consumption pattern, accounting for about 5% to 7%, averaging weekly spending by families' income from 1968 to 2018.
To summarize, it can be inferred that, historically, people tended to allocate their funds to essential needs like food and housing. Linking Words
However
, in recent decades, there has been a shift towards spending on luxury items.Linking Words
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