Re:Volkswagen launches its first all-electric SUV, the ID.4
by stefan_ on Friday April 23, 2021 @07:18PM
(#26920390)
That's true, but then Americans also famously pay much more than they can afford on car loans for cars that they don't need.
Not for regular working class people, far from it. A car that costs more than your gross annual wages isn't anywhere close to being within your means.
Los Angeles median income in 2019: 28,072 USD
NYC: 32,320 USD
Nearly half of Los Angeles residents pay more than 50% of their income on rent[1].
In NYC, 42% of renters pay over 30% of their income on rent, 23% pay more than 50% of their income.[2]
[1] https://news.usc.edu/179928/los-angeles-rent-burdened-househ....
[2] https://wherewelive.cityofnewyork.us/explore-data/housing-co....