Quote:
Originally Posted by shmike
Median income of $81,000 with two cars averaging $45,000 each.
Scary.
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I took that to mean 2 cars worth a TOTAL of $45,000. Especially since they said they're spending $12,400 per year on those cars, which wouldn't be enough to cover a $90,000 loan plus all the insurance and maintenance.
As for this: "About 18 percent of disposable income, on average, goes toward mortgage payments, auto loans, credit cards and other forms of household debt. "...........I am calling
on that, it's got to be a lot higher.