3 ms·
" We find that Millennials own fewer cars than previous cohorts." [1] "“Millennials have a lower rate of car ownership than previous generations at their age.”
by tomtheelder 8y ago
"
We find that Millennials own fewer cars than previous cohorts." [1]
"“Millennials have a lower rate of car ownership than previous generations at their age.” [2]
"We find that today's young adults do own fewer cars than previous generations did when they were young." [3]
[1] https://www.sciencedirect.com/science/article/abs/pii/S0967070X16305571 https://www.sciencedirect.com/science/article/abs/pii/S09670...
[2] http://knowledge.wharton.upenn.edu/article/demographic-shifts-shaping-future-car-ownership/ http://knowledge.wharton.upenn.edu/article/demographic-shift...
[3] https://www.researchgate.net/publication/308021126_Millennials_and_car_ownership_Less_money_fewer_cars https://www.researchgate.net/publication/308021126_Millennia...
- alistairSH 8y agoCareful with those headlines - the details corroborate the parent comment. Millennials don't own as many cars because they are poorer than their parents were at the same age. Of the millennials that are financially independent from their parents, car ownership is steady or higher (relative to previous generations). See also: https://news.ycombinator.com/item?id=18560580 https://news.ycombinator.com/item?id=18560580