Quote:
Originally Posted by gtahvit
I was listening to Clark Howard yesterday. He sited a study that showed people who earn 50K/yr spend on average 4 cents of every dollar on gas at the current prices. And it makes very little impact in their driving habits. People that make more than 50K are upset by the prices but won't change their driving habits until gas prices soar beyond what they currently are. The bad news is for the lower to working class, They spend as much as 10 cents per dollar on fuel. They're the ones who have to make it somewhere else. What I thought was interesting was they still drive the same amount. The just don't spend in other areas. The study said that the discount stores like Big Lots, and the dollar stores are really the ones feeling the gas prices because their customers are the lower income families.
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and what makes you think that 50k/per year isn't working class? my father makes 72/year and he works in a steel mill... my mother is a nurse and she make 62/year so idk where you're coming from thinking that the 50k person isn't apart of the middle/working class...