Americans needed to work five weeks more on average to afford a used car in 2021!

Sharing is Caring!

New York(CNN Business)Wages are not keeping up with inflation. The price of cars has grown significantly faster than earnings, a new analysis by the Anderson Economic Group found.

The price of new and used cars increased by 11.8% and 37.3% respectively in December 2021 from December 2020, while wages increased by 4.9% in that same period. Supply chain slowdowns, factory closings, and computer chip shortages coupled with demand sent car prices higher.

See also  Almost 60% of Americans blame Biden for inflation. MEANING THE OTHER 40% ARE RETARDED

Read more here:…index.html

Help Support Independent Media, Please Donate or Subscribe:
See also  Joe Biden Announces His New Plan Will "Reduce the Average Family’s Annual Utility Bills by $500"

Views: 5

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.