The bar chart illustrates the changes in house hold spending between 1960 and 2020. the bar graph shows household spending on three categories-food,housing,entertainment.
Earlier, people spend their most part of income to food,housing.But they did not wast their many to interesting things like travel, do their own hobby. But, in 21 century, especially in 2020, People value themselves more. Most part of their salary people spend on housing because of their own cozy and entertainment because they want to live extremaly happy and interesting. But spend less for food.
In 1960 most part of income share to food and housing. For food had spent 35% and housing 40%. People in past spent only approximately 25% of income for entertainment.
Nowadays, in 2020, Most people spend their income’s 50% for housing and 30% for entertainment. Only 20 % of income had spent on food. It demonstrate how changed people critical thinking and plannimg way.