A Quarter of Americans Spend Over 15% of Take-Home Pay on Monthly Car Payments; Two-Thirds of Drivers Report Rising Auto Expenses Force Them to Cut Spending Elsewhere
PALO ALTO, Calif., Jan. 4, 2023 /PRNewswire/ -- Jerry, the superapp for car owners, today releases the findings from its 2023 State of the American Driver Report, its second-annual study that offers a comprehensive, data-driven look into the current state of the car ownership experience. It reveals the full extent of the financial burden American car owners face and breaks down their shifting pandemic-era purchasing patterns.
Jerry's 2023 State of the American Driver Report analyzes results from a national survey of more than 1,200 American drivers across all 50 states and four generations – Gen Z, Millennials, Gen X and Boomers. Two-thirds of respondents confirm that rising car costs forced them to cut spending in other categories, including groceries, restaurants, clothi…