Quote:
Originally Posted by darcane
Zandi estimates that the average U.S. household would need 42 weeks of income for a new car, as of August, versus 33 weeks
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Zandi is mixing their averages. They are using median income and the mean price of cars.
Mean Family income in the USA for 2022 was $126,500 or $2,432 per week.
Mean price for a MY 2022 new car = $48,094.
$48,094 / $2,432 = 19.8 weeks - lets call it 20 weeks.
Average can be Mean, Median, or Mode. People mix and match to mislead.