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by kfarr
1612 days ago
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Basically cars are a huge relative cost for the working class. With our land use and transportation policies we have created a world where the costs of getting around are so high that it can trap you in poverty for life. Sorry for the paywall but this was the quickest article I could find on the topic: https://www.wsj.com/articles/the-seven-year-auto-loan-americ... If you calculate the total cost of owning car(s) during your lifetime and consider alternative use such as interest bearing savings account some estimates have shown it costs you approx $1M during your life. |
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