The table shows the percentage of expenditure by young and old demographic groups on four different categories, such as food, electronics, music, and videos, in the UK in 1998. Overall, food was the most popular sector in which adults spent relatively substantial income as opposed to other sectors. Children, however, were attracted to spending more on music and buying electronic tools.
Starting with older age groups, adults, males and females, predominantly allocated more money to food, albeit at various rates. Women spent 39% of their income on this category, which was considerably higher than that of men and adults (14% as opposed to 25%). 10% of males’ and 5% of adults’ budgets were allocated to purchasing electronic equipment, while women spent only a mere 1% of their income on this sector. Equal rate expenditure was invested on music, accounting for 5% for each group. Lastly, ‘videos’ was the least popular category, with males allocating 2% as females and adults spending 0.5 and 1% of their income, respectively, in 1998.
Looking at another younger age group, they were more active consumers in all study categories compared to their counterparts. Food emerged as the least attractive category, with children, boys, and girls allocating more or less 10% of their budget. The spending disparity was more pronounced in electronic tools, as children invested 23%, considerably higher than boys at 18% and girls at 5%. A majority of income, notably, was spent on music among younger age groups, which is a marked contrast to videos, as they tended to allocate a smaller proportion of their income (children at 12%, boys at 18%, and girls at 17%).