The graphs illustrates the average cost of three different types of media device over 6 years and provided information regarding the payment method for these devices according to four age groups in 2020.
Overall the cost of the laptop has increased the most, gradually increasing from approximately 2000 USD from 2020 to 2500 USD in 2026. The cost of the mobile phone had a similar trend but had a smaller increase from approximately 1250 USD to 1500 USD. The only device that had a drop in cost was the television with the cost declining from approximately 1500 USD from 2020 to 1000 USD in 2026.
Outright payments had the highest precentage across all the age groups regarding the payment methods. Outright payment is also seen to be more popular in the older age groups like the 40-60+ year old catagories. Payment plans were widely used as well having a use between 30-40% in the 18-59 age groups. Other payment methods were also used but it was used the least overall.
To conclude, the average cost of media device increased stably throughout 2020-2026. The outright payment method was the most popular among the four age groups while other payment methods were used less.
