Millennial Mileage

While Millennials ride public transportation and use ride-hailing services, looks can be deceiving. After controlling for the impact of the Great Recession and other forces beyond their control, there is little difference in preferences for vehicle ownership between Millennials and prior generations. While Millennials are more likely to live in urban settings and marry later, all else equal they have larger families. Net net, vehicle ownership is just 1% lower.