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57 sats \ 3 replies \ @IamSINGLE OP 26 Jan \ parent \ on: How Americans Spend Their Money? charts_and_numbers
How much do you agree with the entire side for these expenses?
Just eyeballing it, $1k a month on transportation seems very high, as does the personal insurance and pension category (depending on what that includes exactly).
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Really, it's way too high, especially when the prices of gas are comparatively cheaper.
13k in transportation alone!!!
I'd buy a car, drive it for 120000 in this much money here in India.
Whenever I look at such numbers for US or Europe, I always wonder why would they spend this much? I mean double to ours can be understandable but it's like 100 times more. We'd hardly spend $10 to $20 for a daily commute of 50 miles.
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I think higher income households really skew the transportation numbers. Car insurance is expensive and those households will have three or four fairly expensive vehicles. The cost of gas will be a fairly trivial portion of the costs.
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