The true cost of cars
According to the Dept. of Labor's Bureau of Labor Statistics, car ownership costs are the second largest household expense in the U.S. In fact, the average household spends almost as much on their cars as they do on food and health care combined for their entire family.
Since all households have only a limited amount of income, the amount a household spends on its cars is lost money they could have spent on other worthwhile expenditures, like retirement savings, education, or the purchase of a home.
The question is, how much is it really costing us in terms of these foregone opportunities?