The displayed figure depicts data about how families in a specific nation consumed their weekly income in various categories in 1968 and 2018. The results are counted in the percentage of weekly income.
Overall, it is evident that the most noticeable cost was on food in 1968, while it was on leisure in 2018, which clearly surpassed all the other points by a substantial margin. However, fuel and power spending remained the lowest during the given period.
In detail, food, clothing and footwear, personal goods and fuel and power expenses decreased. In 1968, families spent nearly 35% of their income on food. However, by 2018 this figure sharply plummeted to around 15%. Similarly, clothing and footwear dropped to half from about 10% to under 5%, and fuel and power and personal goods also slightly decreased from less than 10% to less than 5%.
Conversely, housing, transport and leisure costs witnessed a significant rise. Housing was around 10% in 1968 and it had a one fold increase to nearly 20% in 2018, whereas leisure spending skyrocketed reaching above 20%, and transport also rose notably from roughly 8% to 14%.
Interestingly, household goods stayed almost unchanged.