Comment 79610

By Borrelli (registered) | Posted August 08, 2012 at 11:49:55

To be sure, part of the reason is that young people have less money to spend on an automobile. However, they are choosing to spend the money they do have on communications technology instead of a car.

And I think that choice might be more important than the shackles imposed by low wages. When I was a teenager working at a certain Italian grocery store chain, my (male) coworkers would drool over issues of Auto Trader and plan their next ride. No one was spending a ton on these (very) used cars, and I would suggest that their cost wasn't too much above the $2000-3000 that some young folks spend on their computers and phones. So I think, yeah, there's a very different set of interests driving this group of young people.

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