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Thirty-somethings are as likely to own cars as older generations were at their age—but with a major caveat.

Mar 27 2019

Thirty-somethings are as likely to own cars as older generations were at their age—but with a major caveat. When the National Bureau of Economic Research controlled for circumstances like where they live and whether they’re married, they found that 35-39-year-olds owned the same number of cars on average as Generation X and Baby Boomers did at their age. However, leaving out factors like more young people living in urban areas and fewer getting hitched doesn’t tell the whole story—when included, the gap grows to 0.4 vehicles per household. (CityLab)