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 line graph depicts the percentage of expenditure accounted for how much weekly income by families in one state in the years 1968 and 2018.
Overall
,
it is clear that
the whole consumption was
catagorized
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categorised
into eight
part
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parts
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- housing, transport and leisure increased; food, fuel and power and clothing and
footware
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footwear
experienced diminishment; the others remained the same. food was the largest proportion of weekly spending,
while
fuel and power was the smallest in 1968. Looking at the diagram in more detail, by the year 1968, the three basic commodities for our daily lives, like food, energy and garment,
was
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were
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the top three, which were 35%, 10% and 10%, respectively. In 2018, people got richer than before,
therefore
the figure for these three life's
essential
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essentials
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plummeted to around 17%, 3% and 5%.
By contrast
, by 2018, because of inflation, people needed to spend more on the cost of living and driving, which were almost 19% and 14%,
with
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two times higher than before.
As well as
the economic recovery, folks had more exceptional money to pay for their interest and hobbies
such
as household goods and leisure, the former was 10% as before, and the latter was 22 %, which rocketed from merely 8%.
Submitted by Joanna on

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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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