Part of the reason corporate capitalists are addicted to selling automobiles is the fact that, once the inherently sprawling, alternative-discouraging infrastructure for cars-first transportation is fully built, that infrastructure renders car ownership almost literally necessary. To forgo a car is to add extra risk and time constraint to lives already unfolding amid insecure and decaying economic and social conditions.
I mention this because of this interesting story from today’s edition of the mighty USA Today.
Seems that, among the population who incur both forms of debt (and the rich pay cash for cars, by the way), people are four times more likely to make late payments on their mortgages than on their car loans.
Felicia Young of Tampa says paying her auto loan became more important in the last two years.
“When my credit scores declined and I was facing removal from my house, my car suddenly became the only item I had worth anything,” says the 45-year-old, who holds both full- and part-time jobs as an administrative officer.
Young adds that she needs her car “to get to work and make money. Period.”
“If push comes to shove, you can live in your car,” Becker says. “But you can’t drive your house to work.”
No wonder the overclass insists that the current American lifestyle is non-negotiable.
Here is the Music Player. You need to installl flash player to show this cool thing!