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Gen Z is choosing not to drive::Less Gen Z Americans own a driver’s license than previous generations, according to consulting firm McKinsey.
Just like they’re “choosing” not to own houses either I guess
Hell, I’m a Millennial and it’s a no-brainer… Food or gas, emission taxes, road taxes, maintenance costs, and everything else which comes with owning a car. Including the car itself. And that’s just from an economic standpoint, I’m not even gonna go into the impact it has on the climate and how EVs are mostly just expensive and not-really-efficient pieces of jewellery still.
It costs about 400K to 500K where I live to buy a house that used to be around 150K 30 years ago. Times are fucked
When my parents bought my childhood home in the 90’s they paid 150k euros for it and when they sold it in 2010 or so they got around 300k I believe. While it’s more money it’s not worth the double. It pretty much cost that much to buy their 2-room apartment then
That’s not that bad unless that’s already adjusted for inflation. If you haven’t adjusted it already then 150k would be 310k today. Where I’m at house costs have increased 5x after adjusting for inflation.
This is after inflation has been calculated. I live in the Netherlands atm, you can look up how fucked that market is.
The unit of measure in this article is whether or not they have a driver’s licence, not a car…I’m pretty sure even gen Zers can afford a driver’s license. Not having a driver’s licence is very much a choice, to a much higher degree than owner a car (or house)
In places like Finland it costs over a thousand euros to get your driver’s license. That’s less than a car obviously but not nothing either
If you work hard and save up, you could live in a nice van down by the river!
Car and a home all in one? What a bargain!