Has the U.S. Reached Peak Car?
Small Business Labs
JANUARY 6, 2014
The large cohort of aging baby boomers are driving less due to the lifestage shift to retirement. An interesting study from the Frontier Group found that between 2001 and 2009 the average yearly number of miles driven by 16-34 year olds had fallen 23%. . A key driver of this shift is demographic. trends' .
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