The provided charts precisely illustrate the percentages of expenses in various sectors in one European nation in 1958, and in 2008.
Overall, the largest expenses were spent on clothing, while the least percentage was allocated to luxury goods in 1958. This trend completely changed in 2008; housing was the highest expense, while transportation was the lowest expenditure.
To begin with, 32% of wages were allocated to clothing in 1958, representing the highest expense, which was reduced by 20% after six decades. Food and luxury goods expenses were relatively equal in 1958, and experienced a substantial escalation in 2008(17%). In the given period, entertainment accounted for 18% and 16% respectively.
Regarding the pie charts, housing held the largest proportion of income in 2008 at 32%, which increased by 10% after 50 years. Transportation was the lowest expense in 2008 at 6%, considerably diminished from 1958 expenses. Food and entertainment held almost equal expenses.
In summary, the percentages for each sector in 1958 had completely changed according to everyone’s needs.