The given tables indicate consumers’ normal earnings and expenditure as well as expense changes across four distinct demographics in the nation of Fantasia in the year 2016.
Overall, it is clear that the 51-60 age group had the highest income and spending. While younger consumers were more likely to spend on accommodation, food, and entertainment, the older tended to spend more on healthcare services.
Regarding the average revenue, consumers falling into the 51-60 age bracket earned the highest, at $50846, far exceeding the figure for people aged 41-50 with $41,585. Those aged 31-40 and 61-70 attained relatively lower incomes, at $36 321 and $35850 respectively. Turning to the average outlay, the figures for consumers aged 51-60 and 51-70 were higher, at approximately $40000-410000 each compared to those for the younger age groups, at about $39000.
Looking at the changes in expenses, consumers aged 31-40 spent most on accommodation (34,1%) compared to only 21,3% among 61-70 demographics. Similarly, 31-40 age group also spent more on food and entertainment, at 26,8%, while this category constituted the smallest expense percentage of 18.3% among individuals aged 1-70. The trend reversed in healthcare, where the youngest consumers dedicated a mere 10,6% of expenditure, in contrast to the figure of 35,8% for the elderly. Meanwhile, those aged 41-50 allocated the largest proportion of 30,6% of expenses for transportation.