It’s no secret that car ownership in the United States has been in decline for years.
According to the US Census Bureau, the percentage of Americans who own a car has fallen from nearly 70% in 2000 to less than 40% in 2016.
This is largely due to the fact that a higher percentage of those in their 30s and 40s have moved into a home than in the past.
There’s a lot of research showing that having a car is an essential part of being able to get around.
According a recent report by the American Automobile Association, more than one in four Americans now own a vehicle, compared to only one in five in 1990.
It’s not just the vehicle itself that’s becoming a more important part of a person’s lifestyle.
According the Association for Better Transportation, having a vehicle is now as important as a college degree.
“It’s no surprise that car owners are looking for the cheapest way to get to work, go shopping, and play sports,” said Dan Foy, senior vice president of corporate communications at the American Association of Retired Persons (AARP).
“There are fewer jobs for older Americans and there are fewer options for those who have no other choice.”
The AARP is not alone in these trends.
The Consumer Federation of America also released a report earlier this year that found that Americans now spend more on cars than they do on other things.
And with the recession having hit hard in the last couple of years, many consumers are choosing to get rid of their vehicles.
“A lot of people are choosing not to own their cars, but instead invest in a fleet or purchase used vehicles,” said AARP’s Foy.
He also points out that there are a lot more people than ever in the country that have a home.
“There’s a growing number of people who are able to live in a home or are able or willing to pay rent on their own property,” said Foy of the housing trend.
It may be the first time in a long time that a car will be used as a primary transportation for a lot fewer people than before.
The trend will only continue to expand, with more people becoming renters and cars becoming less important in everyday life.
“People are using their cars for other things now, too,” said Brian Foy from AARP.
“They may be spending time at home and driving to and from work, or they may be using their car to get home to work or school.
There will be a lot less people that own cars, so the car will have a less of an impact on the overall economy,” said Chris Burdette from the National Association of Realtors.