The pie graph gives information on the spending habits of people in the UK for the years 1971 and 2001.
People used to spend more money on food, around half of their earnings,in the previous years. Spending habits of people have changed in three decades. They now spend more capital on other things such as cars, restaurants, and computers.
In the year 1971, expenditure on cars was just over one fifth of their total earnings, spending on petrol took 10%. Other spendings like books, furniture, and restaurants ranged below 10%, while computers contributed just 2% to people’s spendings. Individuals were keen on food, as they spent 44% of their total earnings,which is a hefty amount to spend on a single aspect.
Although, in the year 2001, people considered spending more on cars (43%) rather than on food (14%), which is in contrast to people’s spending habits when compared to what they used to be three decades ago. Food and restaurants held equal shares in the expenditures. Although the rise in the cars percentage did not increase the demand for petrol, in fact, the figure declined to 8%. Computers (12%) experienced an increase of 10%; on the other hand, books plunged to just 1%. Furniture showed marginal changes.