Americans are continuing to de-leverage and this trend is very clear in a recent New York Fed study that shows fewer young people are buying houses are cars, although nearly 45% of them are attending college.
–from The Atlantic
Posts Tagged ‘cars’
How American Spending Habits Change with Age
November 30, 2012
Plastic Dinnerware Spending by Age
Spending on New Cars by Age
Spending habits change over a person’s life: people generally buy nicer and more expensive items as they get older. Following are some interesting highlights from The Atlantic’s thirty five graphs showing spending plotted against age. Click through any image to see the rest.
–from The Atlantic
Americans Driving Fewer Miles Each Year
November 8, 2012
Since 2005, Americans have driven fewer miles each year. During all previous recessions, driving fell during the recession and then climbed back upward. During the previous recession, however, the situation changed immensely: driven miles began to decline prior to the recession and sharply declined after recovery started. In other words, this change in driving is likely a long-term trend rather than a recession-related pattern.
–From DC Streets Blog
