a lot of factors going on here...
1. no jobs to pay for said car
2. must pay for student loans instead
3. cars are less reliable
4. cars cost more today, and more to maintain
5. gas prices increased but not wages
6. insurance costs
1. no jobs to pay for said car
2. must pay for student loans instead
3. cars are less reliable
4. cars cost more today, and more to maintain
5. gas prices increased but not wages
6. insurance costs
Other pieces I've read suggest the actual trend is more along the lines of college-educated millenials are somewhat trending toward a handful of particularly dense and favored urban neighborhoods in the US (SF, Manhattan/Brooklyn, Boston/Cambridge, Austin). What broader urbanization trends there are also include places like DFW, Phoenix, etc. that aren't really walkable or have good public transit.