Archive for May, 2011

The cost of car “freedom”: 2 hours of work a day
May 10, 2011

Imagine you could work 500 hours less every year. That works out to be an extra 12.5 weeks of vacation. Alternatively, imagine you got paid for an extra 500 hours of work each year, without having to work those extra 500 hours. That would work out to be an extra $11,000 every year for an average American making $22 per hour.

500 hours a year – or 2 hours each day – is roughly the equivalent to what the average American worker will work in order to pay for their cars the average is between 1.46 hour/day and 2.90 hours/day depending on which data is used.

This is a substantial amount of time and cost in order to have the “freedom”, or as I like to call it “imprisonment” of automobile ownership.

via The Urban Country Bicycle Blog: Americans Work 2 Hours Each Day To Pay For Their Cars.

found on AZspot