Younger Americans Shunning Cars
As a scooter-riding, non-car-driving guy, I thought this was an interesting article. It appears that younger adults and teens are not all that anxious to own cars. As crazy as that might sound to our older audience, driving cars isn’t all as cool as it used to be. The author partly blames the financial crisis for this shift, “...the average cost of owning and operating a car is north of $8,700 dollars a year, and that was before gasoline passed $4.00 per gallon. In the wake of the financial crisis, many underemployed young people have decided that they either can’t afford a car or would rather spend their money on other things. The report cites a Zipcar/KRC Research survey, which found that 80 percent of 18 to 34-year-olds stated that the high cost of gasoline, parking, and maintenance made owning a car difficult.”
I agree that these are definitely factors, but I’d like to add my own theory. I think that a lot of the older car driving culture was based in the suburbs and cruising around was the thing to do then. Today, I think younger adults are more likely to live in urban areas. They can get to work via mass transit, bicycle or even walk to work. In our Fort Lauderdale office alone, we have a few people who skateboard, walk, bike or, like me, scooter their way to work.
How do you commute to work or get around town? How do your friends and colleagues? Does anyone else buy into my theory?
TradeKing Bigdog, Chairman and CEO
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