Published on March 15th, 2012 | by Beth Buczynski0
One-Third Of All U.S. Adults Struggle To Afford Their Car
More than 36 percent of adult respondents said that if gas prices continue to rise, they’ll have to give something up in order to afford their car. Of those who regularly drive a vehicle, nearly one-in-four (23 percent) said it is at least somewhat likely that they will build up credit card debt to pay for gas in the upcoming months. Households with children (29 percent) are significantly more likely than those without children (19 percent) to indicate this.
When asked what they likely will do to better afford to drive a vehicle due to rising gas prices, survey takers said the following:
- Dine out less often – 70 percent
- Spend less money on entertainment (going out to the movies, attractions, concerts, etc…) – 64 percent
- Postpone seasonal clothes shopping – 37 percent
- Cancel paid online or other subscriptions (Netflix, Hulu Plus, etc…) – 22 percent
OK, let’s pretend for just a minute that I don’t have strong feelings about what or who is sticking it to the American people through gas prices while laughing all the way to the bank. Instead let’s focus on the amazing fact that people are willing to give up things that make them happy and allow them to spend quality time with their loved ones, just so they can keep driving that gas guzzler all over town.
WHY?! There are plenty of perfectly good ways to get around without owning a personal car. Alternatives like car sharing, bike commuting, ride sharing, walking, and public transportation are much cheaper and better for the planet too. The good news is, more people are becoming embracing these alternatives every day.
When asked how their driving habits would be affected by rising gas prices, U.S. adults who regularly drive a vehicle said the following:
- Plan to drive less overall to save money – 61 percent
- Plan to carpool – 9 percent
- Plan to use public transportation – 8 percent
- Plan to buy a hybrid/energy efficient vehicle – 6 percent
Image Credit: Flickr – Images_Of_Money
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