The Market Nugget
Offered up this statistic that I thought was worthy of note. What is amazing is how relectuant most Americans are to changing their behavior. Probably goes a long way to explaining why we continue to spend more than we earn.
The survey, the results of which were broadcast on CNBC, I found thought provoking, especially in light of all the complaining about high gasoline prices. It reported that not until the price per gallon averages $3.75 would a large number of Americans, 30%, consider changing the type of vehicle they drive or how they use their vehicle. It seems we Americans do not like high prices, but at the same time we are not willing to make any personal sacrifices to help our cause. Personally, I consider the purchase of a vehicle that guzzles gas to be a voluntary use tax.
Offered up this statistic that I thought was worthy of note. What is amazing is how relectuant most Americans are to changing their behavior. Probably goes a long way to explaining why we continue to spend more than we earn.
The survey, the results of which were broadcast on CNBC, I found thought provoking, especially in light of all the complaining about high gasoline prices. It reported that not until the price per gallon averages $3.75 would a large number of Americans, 30%, consider changing the type of vehicle they drive or how they use their vehicle. It seems we Americans do not like high prices, but at the same time we are not willing to make any personal sacrifices to help our cause. Personally, I consider the purchase of a vehicle that guzzles gas to be a voluntary use tax.
posted by Champion at 9:35 AM
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