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lower income drivers endure in all probability probably the most, says study

lower income drivers endure in all probability probably the most, says study

Wirya
Finance
Extreme gas prices affect lower income households in all probability probably the most, according to a model new study. If the value of car gasoline reaches $6 per gallon, drivers incomes as a lot as $40,000 per 12 months will be spending 11% to 38% of their after-tax take-home pay. By comparability, these making $150,000 or additional are paying 2.8% to 4.9% of their after-tax earnings, according to a study by car insurance coverage protection app Jerry. “Rural drivers would take a fair greater hit than metropolis and suburban residents, paying 9.4% of their after-tax income at $6 a gallon,…