13 May '11, 11pm

Americans works 2 hours every day to pay for their cars - not the best use of precious life #time

2006 - median household income: $50,233.00 2005 - median personal income for all individuals over 18: $25,149 2008 - national average number of cars per household is 2.28 cars - http://www.autospies.com/news/Study-Finds-Americans-Own-2-28-Vehicles-Per-Household-26437/ 2007 DOT study - 254.4 million cars in United States If each car costs an average of $8,000/year (this is conservative too based on the most recent AAA study: http://www.boston.com/cars/newsandreviews/overdrive/2011/04/average_car_ownership_nearly_9000_per_year.html), and each home has 2.28 cars on average, average costs per household is $18,240/year. If a household makes $50,233.00/year, and the average hourly wage is $21.90, then we can assume there are about 1.147 people per household working full time. If 1 person owned 1 car on average, then they will work $8,000 / $21.90 = 365 hours per year or about 1....

Full article: http://www.treehugger.com/files/2011/05/americans-working...

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