The pie charts illustrate the average household budget was expended in two separate years: 1965 and 2015.
Overall, what stands out most is that while spending on housing led the way in both years, which accounted for an increase, the reverse was true for ‘other.’ Similarly, the proportion of spending on healthcare, transportation, and ‘other’ rose throughout the period. Conversely, expenditures on clothing and food are lower at the outset compared to 2015.
In more detail, the household spend most of the budget on housing in both years. The proportion of expenditure on this sector was twice as high as healthcare, with respective figures of 30% and 15% in 1996. The gap between them shrank from 15% to 10% by 2015, with the housing sector standing at 35% and 25% for healthcare. The shares of transportation and ‘other’ stood at almost the same percentages, around 4%. The former then experienced a three-fold rise to 15% in 2015; the latter accounted for just 5%.
In stark contrast, there was a noticeable decrease in the percentage of food. This figure stood at 35% at the outset, while the share of clothing was lower, at 12%. By 20015, the percentage of the former fall to 15%, with a decrease of 20%, while the latter’s spending declined to 5%.