The bar chart illustrates the household expenditures of various countries as well as regions between the years of 2000 and 2050.
Overall, as predicted India and China will be accounted for the largest proportion of cost in household in the future. While household expenses was significant in both EU and US, in the long run it will be marginally brought down.
To commence, EU and US has acknowledged notable domestic expenditure with 34.5 and 24.5 respectively. However, house keeping expenses was little in China with 10.5 percent whille all other countries spent a reasonable 29 percent.
Looking at the predicted future expenses, India and Chaina will spend 31.5 and 22 percent of earning as household expenditures, whilst the cost is only 16 and 17 percent respectively. Though, household costs in EU is at peak with 17 percent, it will be reduced to 7.5 in 2050 as estimated. Additionally, other countries expenses will be slightly reduced from 35 portion in 2025 to 33.5 in 2050.
