Standard and Poor’s, the bond-rating agency last week stated: “Millennials” — people born between 1982 and 2000 — “are driving less than older motorists did” at the same age — “and when they do get behind the wheel, they are . . . in smaller, more fuel-efficient cars.”
This is consistent with a growing number of studies that show Millennials, more than previous generations, prefer having more transportation alternatives to driving such as walking, biking or using public transit. While previous generations saw car ownership as a source of freedom, many Millennials believe it's a burden.
Transportation leaders will need to be mindful of this information both in terms of how mobility is provided and how it is funded in the future.
Does thing ring true with the Millennials you know? Sound off in the comment box below.