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?
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