The pie chart below illustrates the percentages of family income spent in different categories(housing, transport, food, healthcare, others) in South Korea and Singapore during 2000-2020.
Families in South Korea have spent most of their income on housing during the span of 20 years, featuring 21 and 30 percents. During 2000, 29% of the people spent their income over other facilities, however, surprisingly in 2020 the percentage dropped to only 1%. Health care, though had a siginificant increase, having only 6% in 2000 and then sharply rising to 13% in 2020. Similarly, transportation had an increase, though not as high as health care it practices the same increase food experinced. Only about 4 % change.
On the other hand, Families in Singapore experinced an overall increase. Housing has increased from 34 to 40% during 2000-2020. Likewise, transportation had a 10% increase through the 20 years. Health care, too, had risen over the 20 years though, not as noticeable as either housing or transportation. Nevertheless, food and other facilities have shrinked throughout 2000-2020.
Overall, in comparison to one another, during 2000 both countries seem to have spent their money in similar ways. However, during 2020 differences appeared. While families in Singapore mostly spent their money over housing and other facilities, South korean families do not show any intreset for other facilities, instead they focus more on health care.