Millennials move away from car ownership

Miranda Green:

High costs and a constantly expanding array of other options are spurring more Americans – especially young ones – to kick the long-running American car habit.
 Cars, long a status symbol for American youth, are increasingly being passed-over by millennials the New York Times reports. According to a study released Tuesday by the U.S. Public Interest Research Group, the driving boom of the past sx decades is over. Even though the U.S. population increases every year, 2013 marked the eighth year of declining driving. In aggregate, America’s vehicle owners are driving fewer miles than they used to. As federal data shows, total vehicle mileage driven in the U.S. is essentially back where it was in 2005. And many millennials aren’t even picking up the habit.