The bar chart compares the percentage of weekly income expenditure in one country from 1968 to 2018.
It is evident that people allocated the highest percentage of their income to food, while the lowest percentage was spent on fuel and power.
In 1968, consumer expenditure on food reached its peak at 35 percent. In contrast, housing accounted for 10 percent of spending. The people in this country spent the least on fuel and power, at nearly 7 percent. Expenditures on clothing and other categories were similar to that of fuel and power.
By 2018, the percentage spent on food had drastically decreased to almost 18 percent. Housing expenditure increased by 8 percent, while spending on fuel and power diminished even further to 4 percent, marking the lowest rate. Expenditures on clothing, footwear, and household goods also saw a decline compared to 1968. However, all other categories, except for personal goods, exhibited an increase in their spending percentage.
Overall, over the 50-year period, there was a significant decrease in the percentage of income spent on food, while leisure, housing, and other sectors experienced an upward trend in their respective expenditures.
