Management & Operations

Transportation second highest cost for U.S. families

Posted on August 8, 2003

A new report shows that transportation costs are second only to housing and greater than food and healthcare combined, with American families spending more than 19 cents out of every dollar earned on transportation. The report, titled Transportation Costs and the American Dream: Why a Lack of Transportation Choices Strains the Family Budget and Hinders Homeownership, authored by the Surface Transportation Policy Project, uses data from the Bureau of Labor Statistics to rank metro areas according to the portion of household expenditures devoted to transportation. Transportation costs are highest in sprawling areas such as Tampa, Fla., Phoenix and Dallas, due to spread out development patterns, a lack of transportation choices and the absence of neighborhoods within walking distance of shops and schools. The report says that the nation's poorest families are especially hard hit, spending more than 40% of their take home pay just to get around. This number has risen 33% since 1992 and is making it more difficult for lower income families to afford housing, health care and other critical services. According to the report, shifting government priorities to increase public investment in public transit and improve existing assets to better accommodate more transportation choices can greatly reduce household costs of transportation. The full report is available online at www.transact.org/report.asp?id=224.

View comments or post a comment on this story. (0 Comments)

More News

Lyft will show CTA, Metra schedules on its app

Chicago is the fifth city in which Lyft rolled out the new feature, called Nearby Transit.

WMATA selling surplus property to cut costs, generate revenue

Properties in Maryland, Virginia, and the District have potential for commercial, residential, and/or mixed-use development.

Voith appoints new director of rail for North America

Garrett Goll has 10 years of experience in the rail industry.

VTA chief receives 'Lifetime Achievement Award' from university group

During her 30-plus-year career, Fernandez has served in leadership roles at some of the largest transportation agencies in the U.S.

Kooistra appointed GM of Minneapolis' Metro Transit

Kooistra will replace Brian Lamb, who is not being re-appointed. Lamb has served as GM since 2004.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation