The chart displays the differences in spending of weekly income by European families back in 1990 and in 2020.
Overall, investment in rent and housing costs has been observed with drastic changes with an increase while showing the reduction in grocery spending by the time, Meanwhile, entertainment, personal care, and transportation show minimal differences in comparison.
As from the given figure, we can clearly see that European nationals have a major change with almost a difference of nearly 18-20% in rent and housing costs. The spending on utilities and transportation has substantial differences in two different time periods.
Likewise, major changes with the drop in spending can be observed in groceries, wherein Europeans used to invest nearly 30% in 1990, which has been changed to nearly 20% in 2020. The citizens have shown a decrease in investment for entertainment, personal care, and clothing as well. One of the interesting findings shows a decrement in clothing investment by the time.
