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.
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This
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report derives from the chart enumerates the comparison of the average weekly spending by households in one nation in 1968 and in 2018. A glance at the bar graph clearly reveals that all trends encountered different phases of the variance. The most zenith label of income usage was food in 1968, but it changed to leisure in 2018.
Furthermore
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, the sector of housing, transport and leisure demonstrated an increasing predilection.
However
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, in the field of fuel and power, raiment and private items experienced a decreasing penchant. Mostly, the food part obviously shows that the proportion underwent a remarkable downfall between the observation periods which was a solid 35 per cent in 1968 and turned to around 17 per cent in 2018. In stark contrast to the disparity between the years, the household goods sector maintained the same percentage about 7.5 per cent each.
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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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