News and Opinion: May 23, 2022. The Average Age of Cars in US Roads is Increasing

This is another sign of changing times. As the price of everything increases, the income of people is not keeping up. This also may be an indicator that the official Consumer Price Index (CPI) increase report is not accurate.

The cars that we see in US roads is getting older and older (Reference). New cars are getting progressively more unaffordable. Take a look at the graph:

Are we looking into a future in which people would not be able to own stuff?

Source of graph

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.