Saturday, March 2, 2013

Only One Group Can Afford to Buy A New Car - Guess Who


“ . . . CNBC reported this week that the average Americans family can no longer afford to buy new cars.
According to a report by Intrest.com, there is only one major city where the average household income is sufficient to buy a new car.
Bingo!
You guessed it: Washington, DC.
“According to the 2013 Car Affordability Study by Interest.com,” says CNBC via Yahoo Finance, “only in Washington could the typical household swing the payments, the median income there running $86,680 a year. At the other extreme, Tampa, Fla., was at the bottom of the 25 large cities included in the study, with a median household income of $43,832.”
Only the countries of Lichtenstein and Qatar enjoy higher per capita income than DC’s median income of $86,680 a year.
Thank goodness. All this time, I thought that the runaway federal spending was just fueling a sense of entitlement, privilege and contempt for us commoners amongst the people who run our government . .  .  “

John Ransom
Townhall.com

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