The bar graph compares how much residents in a nation spend on households, including products and services between 1995 and 2005.
Overall, there was a marked shift in people’s consuming habits, with much more budget being allocated to housing. Meanwhile, transport occupied the smallest fraction of household spending throughout the years.
It is evident from the chart that national needs for food, beverages and other products decreased over the 10-year period. In detail, the proportion of money spent on eatery and drink dropped by a quarter of its original amount, from approximately 32% in 1995 to 24% in 2005, giving up its place as the most purchased services. Spendings on other types of products remained around 25% in both years, albeit witnessing a slight reduce by 2%.
On the other hand, both the categories of transport and housing experienced increasing expenditure. Particularly, spendings on commute grew from about 15% to just below 20%, making up the smallest fraction among the four categories examined. The amount of money allocated to housing, however, accelerated from aroud 28% to 34%, surpassing food and drinks to secure the largest percentage of national household spending. This reflected a significant change in people’s demands, paying more on accommodation rather than food and beverages after 10 years.
