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The Peer-to-Peer Economy

04/13/2022

What Canned Cocktails & Rental Cars Teach Us About Equality In Taxation

Steve DelBianco
Steve DelBianco President and CEO

The cost of automobile ownership was significant even before the pandemic, with vehicles among the most expensive lifetime purchases for many. In the past year though, the average price of a new car has risen nearly 13%. This increase in car prices has outpaced the highest annual inflation rate since 1982 and comes at a time when real wages have fallen by 2.8% over the last year, which is a bigger annual drop off than any pre-pandemic year in the past four decades.

Read more in Forbes

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