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Urban Economics

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Homework # 1 Younger people are driving less and less today because of cultural changes such as new technology as well as a poor economy. The “Millenials” and young people of “Generation Y” no longer see it as imperative that they get their license immediately upon turning sixteen. Instead they have waited longer and been relying more on social media such as Facebook and smartphones to communicate with each other rather than driving everywhere as teenagers did in the past. According to an article by Jordan Weissmann, “Young people are buying fewer cars than ever before, just 21 percent ages 21-34 while in 1985 it was 38 percent”. (Weissmann) Not only are young people driving less because social media is more convenient, it is cheaper too. Programs like Facebook are free and smartphones and other devices are becoming less and less expensive. In a poor economy such as ours, young people would rather buy a cheaper smart phone than put payments down on a car. Not only do teenagers not want to get a license early or buy a car, but they don’t even want to buy gas for it. Gas has been more expensive than ever and teenagers weigh this con as another reason not to drive somewhere and instead Skype their friends online. For example, “The average number of miles driven by people younger than 35 fell by 25 percent according to survey data compiled by the U>S Transportation Department. (Arizona Republic) Teenagers do not want to buy gas, and for good reason, very few have jobs. “Youth employment rates are up to 25% in Arizona” (Arizona Republic), and without jobs teens find it impossible to buy a car, or even buy gas to borrow one. I believe this trend is going to become more permanent over time as technology becomes more and more advanced, and face time is valued less and less over convenience. People want communication to be easy, especially teens and with the booming

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