Summary-Text Based Skill 2 (week 11)

The chart shows the trend how people spent winnings in charity, travel, home, cars, other transport, living expenses and luxury items between the year 1992 and 2001.

It can be seen from the chart that the largest percentage which people spent winnings were cars and luxury items. People spent almost one third (30%) of the winnings on cars in 1992. The percentage almost remained the same in 1997 and 2001, i.e. 28% and 27% respectively. Very similarly, another large percentage was luxury items, the percentage only slightly declined from 25% in 1992 to 24% in 1997, and then increased to 30% in 2001. It reflects that people had always been attracted by cars and luxury items for the past 9 years.

The charity sharply dropped two third from 15% in 1992 to a bottom of 5% in 1997, and then tripled to 13% in 2001. This reflects people had different attitude towards charity or donation in different periods.

People spent 14% of winnings on extended travel and holidays in 1992, the percentage stably increased to 20% in 1997, and then dramatically dropped to 5% in 2001. The reason was probably because people spent more winnings on second home. For more evidence to support this idea, we can see from the chart that people only spent 8% on second home in 1992, but the percentage significantly increased from 11% in 1997 to 20% in 2001. It is thought that people were more and more involved into buying houses in 1997-2001.

People only spent a low percentage on other transport. In other words, people only spend 2% on it. The percentages almost remained unchanged during the period from 1992 to 2001. It is very interesting to find that people spent 6% of their winning on living expenses in 1992, and the percentage slightly increased to 10% in 1997, and then, with a big surprise, the percentage dramatically dropped four out of five to 2% in 2001. It is considered that very probably people needed to save money for their second homes.

Over the past 9 years, people had always been interested in cars and luxury items, such as jewelry, designer clothes, TVs, etc. It reflects that people’s lifestyle kept the same. However, it is very interesting to see that people were very much involved into property investment- buying their second homes.