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Depreciating Financial Assets - A Wealth of Common Sense
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Depreciating Financial Assets - A Wealth of Common Sense
In 1900, there were just 8,000 automobiles registered in the United States. By 1910, there were nearly half a million cars. By the start of the Great Depression in 1929 it had skyrocketed to 23 million. Just 2% of households owned a car in 1910. By 1940, it was more than 90%. Today, 70% of U.S. households have access to two or more vehicles: There were two main reasons vehicle ownership exploded higher in the early-20th ...
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