It’s quite common in the middle class and below in the US to spend every extra dollar you make as your income rises. This means, despite getting promotions or r

It’s quite common in the middle class and below in the US to spend every extra dollar you make as your income rises. This means, despite getting promotions or raises, your a savings rate remains zero (or negative). One primary way to increase spending is a vehicle upgrade. Most vehicles sold are used vehicles. But if you consider only the new vehicles, the average monthly payment for new vehicles is about $740/mth.