Young Adults Aren’t Buying Many Cars

What's Hot


How to Cut the Cable TV Cord in 2017Family

8 Major Freebies and Discounts You Get With Amazon PrimeSave

8 Creative Ways to Clear ClutterAround The House

Study: People Who Curse Are More HonestFamily

This Free Software Brings Old Laptops Back to LifeMore

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

Protecting Trump Will Cost Taxpayers $35 MillionFamily

The 3 Golden Rules of Lending to Friends and FamilyBorrow

6 Reasons Why Savers Are Sexier Than SpendersCredit & Debt

Resolutions 2017: Save More Money Using 5 Simple TricksCredit & Debt

Porta-Potties for Presidential Inauguration Cause a StinkFamily

Tax Hacks 2017: Don’t Miss These 16 Often-Overlooked Tax BreaksTaxes

5 New Year’s Resolutions That Will Pay Off 10 Years From NowCollege

The Internet and walkable urban areas have reduced the need for car ownership. Plus, young people are poor.

Young adults are driving less, according to CNN Money. More to the point, they’re buying fewer cars.

CNN says, “The share of new cars purchased by those aged 18-34 dropped 30 percent in the last five years, according to the car shopping web site Edmunds.com.”

Why? Lack of money. Urban living along with car-on-demand services like Zipcar. And the Internet…

Couple that with recent restrictions on driving – later ages for licenses, limits on how many people can be in the car, restrictions on cell phone use – and the Internet may be surpassing the automobile in the category that gave cars so much appeal: freedom.

A Deloitte study the article cites finds nearly half of 18- to 24-year-olds would rather have Internet access than a car.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: Trump Scraps FHA Rate Cut — What Does It Mean for You?

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,819 more deals!