The chart illustrate information about in what percentages, Individual’s way of spending their income changes over the period of year.
Overall, In some Aspects, there were a drastic changes on people need such as cars, computer, Restaurants. In contrast At past, People spend some Notable amount on book. However the essence of Book was decrease At later year.
Initially, In 1971, People were spending their major Income on food, which were 44%. while the need of computer at that year was not much so just 2% of their income used in computer. whereas in 2001, spending amount on computer was increase significantly By sixfold of previous year 1971.
On the other hand, in 2001, individuals invest their money highly on cars around 43% which were only 22% in a year 1971. whereas spending on petrol were decreased from 10% to 8% over the period of time. By comparing both the year’s spending habits, people almost used same percentage of their salary on furniture, which was around 9%. In Contrast people were spending more amount on restaurants then they used to spend in 1971, which were 14% of their Income.