The chart illustrates how households in a nation payout their weekly earnings in various expenditure categories in the years 1968 and 2018.
Looking at the
overall
perspective, it readily appeared that a significant portion of people's spending patterns diverted from food to leisure-period activities, Linking Words
while
household products remained constant.
In 1968, the family spent a major portion of their income on food at 35%, Linking Words
whereas
housing and clothing & footwear were at 10%. Linking Words
However
, the rest of the expenditures were less than 10%.
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On the other hand
, in 2018, leisure activities had taken the largest share of the expenditure, which was more than 20%. The second important portion of the disbursement was taken by the housing expense at 19%. Notably, spending on food faced a dramatic fall and reached around 17%. Linking Words
Moreover
, the percentage of the outlay on transportation was observed to increase to about 15%, Linking Words
while
other outgoing categories were below 10%.Linking Words