What have you always wondered about the economy? Tell us

Cars in Singapore match cost of average U.S. home

Jeremy Hobson and David Brancaccio Jun 5, 2012
HTML EMBED:
COPY

Cars in Singapore match cost of average U.S. home

Jeremy Hobson and David Brancaccio Jun 5, 2012
HTML EMBED:
COPY

In the United States, eight out of every ten people own a car. Even with insurance, registration, and gas, for most Americans, this is a manageable expense. The same cannot be said in other places around the world, including Singapore. In the Asian city-state, a car costs as much, if not more, than a house.

For today’s mid-day extra, we talk to the BBC’s correspondent Mariko Oi in Singapore about what’s driving the costs up, who pays, and how she gets around.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.