The graph infront of us states that spending patterns in usa and compares the two dates 1966 and 1996 on different neccesities
With every year prices are expected to go up on certain neccesities and the graph shows 7 items including food, cars, petrol, books, and etc. food being the more important Item in this list, in 1966 it used to cost a large 44% of the budget of the average american household and we see that it has significantly decreased over the 30 years and instead it has been replaced by cars with a whopping 45 percent as an increase in demand for transportation emerged.
Another one of the items due to the rise of technology is computers with a 9 percent increase from 1966 to 1996 and a noticable decrease in books because of it. restaurants also doubled over the years with more restaurants opening up. In conclusion, we see that over a simple period of 30 years alot can change and we can expect more to in the 30 years after.
