Tuesday, March 25, 2014

Out of Gas: Most Americans Can't Afford New Cars

CNBC reports:
Car ownership has long sat at the core of what it means to "make it" in this country. If you want to get to and around the suburbs, you'll need to drive.

It's an aspiration that's slipped from the grasp of most, as a new report finds the average new car unaffordable for the average American family in 24 of the 25 largest U.S. metro areas.

Except for Washington, D.C., median-income households in those areas fell shy of the $32,086 in annual salary required to buy an average new car, the Interest.com analysis found.
With more "green" mandates : cars will become even more unaffordable. We are sure the Democrat party coalition would prefer you be transported around by a government worker -who's part of a union- that kicks back money to a Democrat party elected politician.