Younger Americans are increasingly opting out of car ownership due to the high costs tied to purchasing and maintaining a vehicle. In today's inflationary economy, expenses such as insurance, gas, maintenance, parking, and unexpected fees can add up significantly. As the convenience and affordability of ride-hailing services like Uber and Lyft become more apparent, many view this as a more practical transportation option. While car ownership offers certain freedoms, the financial burden often outweighs the benefits for those who can rely on ride-hailing services.
Owning a car is too expensive for many young Americans. Ubering remains the cost-effective way to go.
It's not just cheaper to Uber (or Lyft). It saves a great deal of time as well.
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