The graph illustrates the details of how families in one country spent their weekly income between the years 1968 and 2018.
Overall, it is evident that in 1968, food accounted for the highest category of spending at 35%. However, by 2018, this percentage had declined to approximately 16%. Interestingly, expenditure on household goods remained unchanged at nearly 8% over both periods.
In detail, in 1968, families allocated 10% of their weekly income to housing, which significantly increased to almost 18% by 2018. The spending on fuel and personal goods remained relatively constant, averaging around 5% in 1968 and rising to 10% in 2018. Furthermore, expenditures on clothing and transportation fluctuated during this time; clothing spending decreased from 10% in 1968 to just 5% in 2018.
Notably, families’ spending on leisure saw a dramatic increase, rising from less than 10% in 1968 to almost 22% in 2018. Transportation spending also grew, from approximately 7% in 1968 to 14% in 2018. Lastly, food spending became the least prioritized area of expenditure when compared to leisure in 2018.