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 bar chart compares data about families' spending weekly money between 1968 and 2018.
Overall
,
it is clear that
the family spent most of the budget on Food and Leisure.
Furthermore
, spending on Household goods did not change in 50 years. At the outset,
although
family members gave 35% of their cash to Food in 1968,after half a century
this
number sharply fell to approximately, 16%.
Nonetheless
,nearly 9% of weekly income was paid to Leisure in 1968,
however
,
this
number climbed to 22% in 2018.
Additionally
,10% of weekly income was needed for housing at the start of the period,
while
in 2018 it increased to 19%.Despite 8% of the money were needing for Personal goods,Transport and Household goods in 1968,these came to 4, 14 and 8% respectively.
Moreover
,families spent to Clothing and footwear 10% of their money,but it decreased to 5% in 2018. People's spending on Housing was 10% in 1968,it went up to 19% in 2018,though.
Submitted by makemoneyizzy16 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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