Americans spend 6.3 Billion on Speeding Tickets Per Year!

So as I was cruising around the cyber-super-highway the other day....I just happened to come across some interesting facts and figures about speeding tickets that I throught were pretty interesting.

It is estimated that over 115,000 speeding tickets are issued on a daily basis in the United States alone. That's over 42,000,000 speeding tickets per year - or to think about it slightly differently - over 20% of drivers in the U.S. will get a speeding ticket this year

Now since I am always thinking about money, the economy, finances, etc. - I started doing some figuring on just what all these different speeding tickets were costing people just like me.

If I estimated the average cost of 150$ per speeding ticket fine and multilied that by the number of speeding tickets issued every year - that would get us $6,300,000,000.

Just in case all those zero's start to get to be too much for you - That's 6.3 Billion dollars a year that Americans pay in speeding ticket fines - not to mention the court fees, lost time at work, gas money getting to and from traffic court, etc, etc.

To put that in a little more perspective - thats approximately 16% of the recent budget cuts that congress just passed. And we in the U.S. pay this amount of speeding ticket fines every single year - and its only going up.


Just a little food for thought as your putting the petal to the metal on your way home today.


Let me know what you think -
Should we be reducing the fines on speeding tickets?
Should we increase speeding limits so that less people get speeding tickets?
Should speed limits be more strictly enforced?

Welcome to Don's Daily Digest

Hi Everyone - just wanted to drop a quick line and welcome everyone to my new blog.

This won't be the typical blog about news or current events.

Mostly I'll be posting whatever comes to mind that particular day on topics ranging from cars to great websites and deals I've found on the 'net to current events.

Just like my taste in music, this blog will be eccletic and wide-ranging - and just like the weather, if you don't like what I have to say on any particular day, just wait for the next day and I'm sure it will be more to your liking.

In the meantime, take a look around, enjoy yourself and leave a comment or two to let me know what you think.

Sincerely,
Don