A new trend is emerging among young Americans as car ownership costs surge. Generation Z is increasingly opting for public transportation, ride-sharing apps, and other alternatives, leading to a decline in driver's licenses and car purchases.
Young Americans are increasingly choosing to rely on public transportation as the cost of car ownership has skyrocketed.Amid the rise of ride-sharing apps and a struggling national economy, Generation Z is finding other ways to get around, and it's manifesting in ways ranging from fewer road trips to a fall in car purchases. "The percentage of 19-year-olds with a driver’s license dropped steadily from 87.3% in 1983 to 68.
Camou worked at a fast-food restaurant while attending high school to pay for fuel and insurance for his vehicle. "I was spending a lot of time working just to get a car to be able to drive to work."CLICK HERE FOR MORE COVERAGE OF MEDIA AND CULTUREEscalating auto-insurance costs are a key factor, as younger drivers in particular are more likely to get into accidents and have encountered rising rates for insurance.
Transportation Public Transportation Car Ownership Generation Z Economy
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