The given bar charts illustrate the trends of spending habits of the UK citizens in the years 1971 and 2001.
Overall, the data reveals proportions of money spent on various needs and preferences of people living in the United Kingdom in these two time periods.
It is evident that in 1971, a big portion of money was spent on food, which was recorded at 44%, showing almost half of the it was used on basic survival need; followed by the car expences at the rate of 22%. Whereas, in 2001 trends reversed, with the car expences exhibiting striking 43%, overtaking the food’s position, which was only 14% for that year.
It is worth noting that in 1971 the least amount of money was spent on the computers with a figure of 2%, while on books people in the UK desired to spend 6% of their income. 30 years later, the preferences of UK citizens had changed. People used 12% of their money on computers, priorotizing them over books, which was only 1% in 2001.
Other expences like “furniture” and “petrol” had their figures slightly decline after 3 decades, with the figures of 9% and 10%, both dropping to 8%, respectively; whereas the restaurant expences doubled, from 7% in 1971, to striking 14% in 2001.