If you were given a penny for every minute people spent commuting in an average year, you’d have a stack that was 1,433,400 miles high. That’s enough to stretch to the moon and back three times.
In terms of air-travel, US-based businesses spend more on it than any other employee expense. This works out at over $21 billion a year for Fortune 500 companies alone.
As for the average American household, they spend $9,004 on transportation per year. In some locales, this is enough cash for a down payment on a three-bedroom house that will rent for twice your mortgage payment. To all the New Yorkers and San Franciscans reading, this is where you can take a moment to stop hyperventilating.
Technology is continuously reshaping our relationship with travel, and that change is accelerating to another inflection point. Advances in transportation technology reshape our lives and cities.
Read more: Transport’s coming upheaval