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- cross-posted to:
- [email protected]
If only we had invented and built some sort of alternative mode of collective transportation. Maybe it could be in tunnels and ride on metallic rails. It would serve many people and make periodic stops to the same locations instead of the highway clusterf- we have today. Sad that we don’t, but a man can dream though. A man can dream though. A man can dream.
There are a lot of factors here, but Americans buying exclusively expensive trucks and suvs here is also part of the problem. Maybe that $75,000 truck is a bad idea on your blue collar salary Frank.
Uhh, how much do you think blue collar folk make? A lot of them could pay that off in a year if they have no other obligations, 5 year loan would be no problem. And more to the point, why does this feel like you’re denigrating blue collar work by insinuating they get paid shit?
Median blue collar salary in the US is about $35k.
But they all buy $50,000 trucks, they don’t even use them for work.
If they roll over the debt from 3 other cars, no, even well earning blue collar guys cannot affort yet another 75k truck.
Are blue collar workers well paid? Here’s some data: https://worldpopulationreview.com/state-rankings/median-household-income-by-state.
The data suggests that a $75,000 debt on top of rent or a mortgage would strap a families net earnings, but the pre-owned cost should be closer to $40,000.
In conclusion, debt sucks and over 5 years, everyone props up bankers.