And by “we,” I mean current drivers. Not me personally. I am not borrowing to pay for fuel. I’m just not buying much else.
“I’ll explain again. Lower income people are still on the road because they have to be.”
This is simply not true. We have bars that “low income” people hang out after work and they are packed. Are these on a direct line from home to work. NO.
I see people driving in “low-income” cars all day long. People complain about price of gas while buying cigarettes!!!
I really do not care what people spend their money on, but to think that there is still a lot discretionary driving and spending by ALL segments of the economy and to think otherwise is frankly just not accurate.