02-05-2013, 10:23 PM
Americans have money but 25% is owned by someone else.
The good news is that cars and trucks in the United States have been getting much more fuel-efficient in recent years. The bad news is that gas prices are rising so quickly that Americans are now spending a bigger share of their income on gasoline than at any time since the early 1980s.
That’s according to a new report from the U.S. Energy Information Administration, which found that the average household spent nearly 4 percent of its income on gasoline in 2012, the most in nearly three decades:
Credit
The good news is that cars and trucks in the United States have been getting much more fuel-efficient in recent years. The bad news is that gas prices are rising so quickly that Americans are now spending a bigger share of their income on gasoline than at any time since the early 1980s.
That’s according to a new report from the U.S. Energy Information Administration, which found that the average household spent nearly 4 percent of its income on gasoline in 2012, the most in nearly three decades:
Credit