The work we have published today shows just how much money the poorest car-owning households are spending on owning and running a vehicle; for some 800,000 families it is as much as 31% of their disposable incomes. A great part of this is probably down to the significantly above inflation rises in operating costs such as insurance, petrol and diesel, and maintenance.
(An interactive version of the change in the cost of motoring over time is available here.)
However it is also worth looking at how much rail and bus fares have increased over the past decade and the picture is that they too have gone up way beyond the change in the cost of living.
(An interactive version of the change in the cost of transport over time is available here.)
Note that the cost of motoring is an amalgamation of both purchase cost and operating cost. The former has fallen in real terms over the past decade while the latter has increased in real terms.
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