Across the US, people are increasingly defaulting on their car loans — a dire economic indicator because these loans are usually the last payment Americans are willing to miss. Meanwhile, auto insurers are raking in record profits after hiking rates.
The average US household spends 17% of its budget on transportation. Obviously other forms of transport also cost money, but it still nearly possible to have a four day work week, if you get rid of your car.
Fascinating. I spend about 2% here in Germany, for two good bikes (which I bought used) including professional maintenance, plus a monthly commuter rail pass. No car. Roughly a four-day week.