Here’s a good article that comes up with a shocking dollar amount of how much money would stay in the local economy if people went carfree. Get this, it’s actually provided by AAA!!
According to AAA, $7,095.00 per motorist leave the local economy each year. When multiplied over tens of thousands of people, the figure is staggering! Something that is not discussed on this forum is how much more people would be able to spend in their community if they didn’t own a car.
All the spending in Washington to stimulate the economy along with the Federal Reserve wouldn’t be needed. If the population went carfree, we might see the greatest economic boom since the industrial revolution. We may also see a Great Depression with all those unemployed auto workers along with those associated in that industry losing their jobs. ;-(
Personally, you’ll see me four or five times a week in the local supermarket one block away buying fresh fish and produce. My money is invested back in the local economy.
How to add $1 Billion to local economy: get 140,000 to go car free