Households spent the largest proportion of their income on food in 1968 at 35%, while spending on entertainment was highest in 2018 at 23%. Food and clothing expenditures were cut in half from 1968 to 2018, dropping to 17% and 5% respectively, while housing costs increased. Transportation costs also rose significantly over the time period.
Households spent the largest proportion of their income on food in 1968 at 35%, while spending on entertainment was highest in 2018 at 23%. Food and clothing expenditures were cut in half from 1968 to 2018, dropping to 17% and 5% respectively, while housing costs increased. Transportation costs also rose significantly over the time period.
Households spent the largest proportion of their income on food in 1968 at 35%, while spending on entertainment was highest in 2018 at 23%. Food and clothing expenditures were cut in half from 1968 to 2018, dropping to 17% and 5% respectively, while housing costs increased. Transportation costs also rose significantly over the time period.
Households spent the largest proportion of their income on food in 1968 at 35%, while spending on entertainment was highest in 2018 at 23%. Food and clothing expenditures were cut in half from 1968 to 2018, dropping to 17% and 5% respectively, while housing costs increased. Transportation costs also rose significantly over the time period.
The bar graph illustrates the mean weekly expenditure of
households in proportion to their earning in two years namely
1968 and 2018. Overall, the majority of income was spent on food during 1968, while in 2018 spending on entertainment was the highest in comparison to average salary. First of all, meals incurred the highest expenditure in 1968 (35% ), followed by accommodation along with garments (10%). However, the figures for food and wearables were lowered by half in 2018, with the former constituting approximately 17% and the latter 5%, yet the opposite held true for housing. The fourth rank was taken by leisure expense, but it subsequently rose to first place at nearly 23% after 50 years. In contrast, families during both given years spent the least of their average salary on fuel and power, specifically about 6% in 1968 and 4% in 2018. Additionally, household and personal goods as well as transport shared the same figure of roughly 8% in 1968. Although the data representing transport grew substantially, the percentage of personal possessions decreased and household goods stayed the same.