Why younger people are keeping their vehicles longer

“Welcome to not being a baby boomer. car, house, retirement, savings. pick three.”

— Jon368, Car and Driver commentator (2018)

“You missed experience (travel, going out with friends, even the humble kick back costs, etc). Its a rough era. Real wage growth is not outpacing real inflation (click here, see bottom chart). Couple that with older workers who decided to postpone retirement due to both late saving and several market crashes/ evaporating pensions / etc and the fact that college is mandatory now for many jobs and the american dream is now a mirage for many Millennial and gen Z. Dont forget that the cost of education by most institutions rose way faster then other services,  Sure the exception can get ahead, but it really is harder then it used to be.”

— Wanderlust SRT, Car and Driver commentator (2018)

RE:SOURCES

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