The bar chart displays the average spend on household expenditure in a European city per month from 2010 to 2020, categorized into four daily fields.
The data highlights a clear pattern of the grocery’s prevalent. It has standed an indispensable position as well as received the over-consumption by Europe’s residents during this period. While other fields just observed a slight increase after 10 years.
It is evident that in 2010 the Europeans used most of their budget on necessary daily items, with 350 US dollars a month. This upward trend still be recorded in 2020 when the amount of money people spent on groceries just dropped slightly around 20 dollars. The unsubstantial decline partly showed consumers prioritize daily modalities rather than utilities and entertainment which have been seen as the least attractive fields with only 150 dollars and 200 dollars in 2010.
Conversely, there was a dramatic reversal in 2020. Utilities and transport observed a significant growth, reaching 170 US dollars and 250 US dollars on average each month. Another household expenditure, for example, entertainment also experienced a sustained increase on how much people allocated for relaxable activities, hitting 150 US dollars per month in 2020. In conclusion, the consistent increasing level of expenditure on activities related to social life or individuals interest showed the improvement of living standards in modern age.