The chart below gives information about how families in one country spent their weekly income in 1968 and in 2018.
Summarize the information by selecting and reporting the main features and make comparisons where relevant.
Write at least 150 words.
Average weekly spending by families 1968:
Food: 35%
Housing: 10%
Fuel and power: almost 6%
Clothing and footwear: 10%
Household goods: almost 8%
Personal goods: almost 8%
Transport: almost 8%
Leisure: almost 9%
Average weekly spending by families 2018:
Food: almost 17%
Housing: almost 19%
Fuel and power: almost 4%
Clothing and footwear: 5%
Household goods: almost 8%
Personal goods: almost 4%
Transport: almost 14%
Leisure: almost 22%
In 1968, family spending in the analyzed country was primarily allocated to food (35%), followed by housing (10%) and clothing and footwear (10%). Significant proportions were also allotted to household goods, personal goods, and transport, each accounting for almost 8% of the weekly income. Leisure activities constituted almost 9% of spending, and fuel and power accounted for almost 6% of the budget.
In contrast, the spending pattern in 2018 saw notable shifts. Food still retained a substantial portion at almost 17%, though its significance had decreased. Housing expenses witnessed a significant rise, nearly doubling to almost 19%. The allocation for clothing and footwear experienced a slight drop to 5%, while fuel and power, as well as personal goods, witnessed decreases to almost 4%. Leisure activities took up the largest share, nearly 22%, indicating a growing focus on leisure and entertainment. Transport expenses also rose to almost 14%.
Overall, the comparison between 1968 and 2018 reflects changes in consumer priorities, with increased spending on housing and leisure activities in the latter period, potentially influenced by evolving societal norms and economic factors.