The Modern Car | To be rich or not

If you spend more than half your net worth on a dramatically depreciating piece of metal that sinks in value faster than the popularity of my Snuggie blanket, you are on a clear path to poverty. The Average American Income in the US is roughly $61,3172 per year The Average car price in the US $36,843 Bonus: The average American has less than $1000 in their bank account. If only there were an explanation for this lack of saving.