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Hello everyone, and welcome back to America Under the Microscope, advanced episode. Hi Lulu.
Hi James.
So we're gonna continue our talk about transportation which we were talking about in the basic episode. And we want to start off this episode by talking about money.
Oh, how much it costs?
Yeah, because this is always our concern, isn’t it? Now, how much do you think it costs to or how much do you think Americans spend on transportation every year?
When you say transportation, does this include everything like driving?
Yeah, all inclusive, all inclusive.
All inclusive, I don't know, maybe six, five, six thousand, it's got to be more than that. Right?
Yes. It's about $10,000 a year in transportation costs.
10,000?!
Yes.
OK, so, what if you, like, would it cost as much if you don't drive?
No, it would be a lot less, the biggest things including this are like fuel, insurance and maintenance of your car.
I see.
But it also includes like if you take flight or anything like this, it's quite a lot. And, if you're in the lower income levels of the society, it's a big chunk of money.
That is a lot of money, $10,000 per year just on transport.
Yeah, it's like I don't even think I get close to that here, but of course I don't own a car in China, so that does really lower my transportation costs.
Yeah, I don't regularly drive a car, I mean I can drive, but I don't really drive in Beijing. So, I don't really know how much it costs to maintain a car to pay all of the taxes and parking. So, you guys can educate us and leave us a comment, telling us as a car owner how much you spend on transport a year. Does it sound like a major chunk of your spending?
Yeah. This comes into a major issue. Because if you're trying to move up and trying to make money and you don't have a car, or you have a major accident with your car. You just lost a big chunk of your savings of trying to get it fixed or replaced. And due to our limited public transportation options in many places. There isn't an alternative if you don't have a car.