Illustrated in the bar graph is a comparison of weekly money allocated by the families in a specific country in the years 1968 and 2018.
Overall, it is evident that the majority of families dedicated their monthly payment on food in the year 1968. Whereas, fuel and power and personal goods were associated for the least expenditure allocated by the families in the year 2018.
Initially, approximately 35 percent of families’s weekly income was dedicated on food which was the highest percentage throughout the whole time frame, and thrice as higher as the housing and clothing and footware with 10 percent. On the other hand, the amount of money dedicated by families on leisure was declined by 2 percent and reached at 8 percent which was as higher as compared to household goods, personal goods and transport with 1 percent. However, the proportion of money allocated on fuel and power was the least with 6 percent in the year 1968.
Conversation, in the year 2018 around 22 percent of weekly income was allocated on leisure which was the highest percentage as compared to others and housing and food were 3 and 4 percent higher than the leisure respectively, similarly the proportion of income gradually decreased and reached at 14 percent which was twice as higher as the amount of household goods. Afterward the ratio decline to clothing and footware at 5 percent. In contrast, fuel and power and personal goods were associated for the least percentage which was allocated from the families’s weekly income.
