The provided charts show the amount of spending British income on different daily things in 1980 and 2030.
Overall, in the 80s of the past, spending on food and drink accounted for the majority of household income despite the prediction that it will decrease, and most of income will be spent on housing fees.
In 1980, the majority of the British income was utilized in order to pay for buying groceries, but it is expected that there will be a noticeable decline from 25% to under a sixth in the total amount of future’s spending on food and drink. Housing fees such as mortgage and rent accounted for over a fifth before being predicted to dramatically rise to 38% in the 2030. Another category which plays a main role in household consumption is transportation. It was an approximate fifth of the income in the UK, and there is a projection that it will increase slightly in the 30s of the future.
Spending on recreation and culture were under 15%, and it is anticipated to decrease by 3%. The amount of money spent on clothing and footwear is not an exception, which actively demonstrates that it will drop, and it will be just under 10%. Furthermore, spending on categories like electricity, gas and water is forecasted to increase from 7% to 8%.
The provided charts
show
the amount of
spending
British
income
on
different
daily things in 1980 and 2030.
Overall
, in the 80s of the past,
spending
on food and drink accounted for the majority of household
income
despite the prediction that it will decrease, and most of
income
will
be spent
on housing fees.
In 1980, the majority of the British
income
was utilized
in order to pay for buying groceries,
but
it is
expected
that there will be a noticeable decline from 25% to under a sixth in the total amount of future’s
spending
on food and drink. Housing fees such as mortgage and rent accounted for over a fifth
before
being predicted
to
dramatically
rise to 38% in the 2030. Another category which plays a main role in household consumption is transportation. It was an approximate fifth of the
income
in the UK, and there is a projection that it will increase
slightly
in the 30s of the future.
Spending on recreation and culture were under 15%, and it
is anticipated
to decrease by 3%. The amount of money spent on clothing and footwear is not an exception, which
actively
demonstrates that it will drop, and it will be
just
under 10%.
Furthermore
,
spending
on categories like electricity, gas and water
is forecasted
to increase from 7% to 8%.