Thursday, November 18, 2010

How Generation Y (Millennials) Are Changing the US Economy

"The percentage of new cars sold to 21- to 34-year-olds hit a high of nearly 38 percent in 1985 but stands at around 27 percent today, according to CNW research. Over that same period, the percentage of new car buyers who are 55 or older has generally been trending up, according to the vehicle research group."

"The prognosis isn't necessarily encouraging, either. In 2008, 82 percent of 20- to 24-year-olds had their driver’s license, according to the Federal Highway Administration. Although that’s gone up a tiny bit in the past few years, it’s down from more than 87 percent in 1994."

from MSNBC

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