The table illustrates the proportion of individuals in various age brackets who spent money on holidays, apparel, and electronics between 2010 and 2020.
Overall, electronics consistently represented the highest proportion of spending across most age groups, especially for younger people. Conversely, vacations generally accounted for the lowest proportion of expenditure throughout the period.
Looking at specific categories, spending on electronics was notably high, with the 18-29 age group showing a significant increase from 55% in 2010 to 70% in 2020. The 30-49 age group also saw growth in electronics spending, from 60% to 68%. Clothing expenditure, however, showed a slight decline for the younger two groups, from 65% to 60% for 18-29 year olds and from 58% to 54% for 30-49 year olds. For older groups, spending on clothes remained relatively stable, with a minor decrease for those aged 65+.
Vacation spending was always the lowest across all demographics. The 18-29 age group increased their proportion from 42% to 48%, while the 30-49 group rose from 38% to 45%. The oldest group, 65+, had the lowest proportion of vacation spending, going from 19% to 22% over the decade.