High Vehicle Costs Are Putting Squeeze on American Households

Car ownership costs like purchase prices, insurance, maintenance, and gas have skyrocketed, making transportation unaffordable for many Americans.

For lower income families, car payments and insurance can consume more than half their income, forcing cutbacks on necessities.

Even middle class families spend thousands per year on car expenses, rivaling housing, childcare, and food costs.

Rideshare drivers struggle to break even after accounting for gas, repairs, taxes and fees. Many make below minimum wage.

Accidents and repairs create financial and emotional burdens. Medical bills and totaled cars have left some drivers paying off debts for years.