chinaco
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 14, 2007
- Messages
- 5,072
It is not uncommon for middle class parents to foot the bill for automobiles for children. In some cases several vehicles for multiple children.
Will the combined cost of vehicle, insurance, fuel, and upkeep begin to weigh on the household budget and reduce this practice. Especially if fuel goes to $7/gal
For example: What is the cost of paying for vehicles for 3 children and two parents... not to mention the cost of University.
It seems that parent now a days foot the bill for (University and living expenses) Vehicle, Cellphones, etc.
With a couple of kids, it would seem to me that the cost is very high.
This would seem to be burden for dual incomes earning above the median wage. It would even appear to put a strain on a higher household gross income... of say $125k.
Will that practice of buying cars for kids become limited to very high income families? Especially in a world where the parents have to provide for retirement on their own?
Will the combined cost of vehicle, insurance, fuel, and upkeep begin to weigh on the household budget and reduce this practice. Especially if fuel goes to $7/gal
For example: What is the cost of paying for vehicles for 3 children and two parents... not to mention the cost of University.
It seems that parent now a days foot the bill for (University and living expenses) Vehicle, Cellphones, etc.
With a couple of kids, it would seem to me that the cost is very high.
This would seem to be burden for dual incomes earning above the median wage. It would even appear to put a strain on a higher household gross income... of say $125k.
Will that practice of buying cars for kids become limited to very high income families? Especially in a world where the parents have to provide for retirement on their own?
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