The bar chart illustrates the data about a family’s weekly expenditure in 1968 and in 2018.
In brief, the highest outlay among all other things in 1968 was food, while the expense of leisure in 2018 was maximum.
In 1968, food consumption was 35%, and 50 years later, it reduced to 17%. Families are giving more concentration on housing (19%) and leisure (23%) than food cost. In 1968, the expense of household products (8%) and personal thing (8%) was the same in the ratio, while private goods are less consumed in 2018. On the other hand, fuel and power and personal commodities had a similar cost in 2018. Again, clothing and footwear charges are relatively higher than fuel and power consumption. Transport cost is just after housing (19%) cost in the year 2018, where people were not so interested in spending in that area 50 years ago.
With modernization, families’ interest in weekly income has risen for luxurious things and 50 years ago, they spent a tiny amount of it.
