I'm in the demographic that this article is talking about and I nodded my head in agreement to everything they said. My attitudes about lifestyle and my relationship to driving has shaped my value system about new car ownership and home ownership.
When I owned a car it was simply a means to an end and not an identity. A method of getting from one place to another. Living in the city (I've lived in several) the car gets beat to hell, so having a new car is largely impractical without an off-street parking space. I also have absolutely no desire to live in distant cul-de-sac style suburbs, and I'd prefer to walk to the store if I can, even though I'm at the point where I'm thinking about buying a house and raising a family.
So whatever assumptions you're making about minimum wage or driving an older car or walking / biking are not applicable to me, and pretty much anyone in my circle of friends in the demographic which spans both coasts and multiple cities.
When I owned a car it was simply a means to an end and not an identity. A method of getting from one place to another. Living in the city (I've lived in several) the car gets beat to hell, so having a new car is largely impractical without an off-street parking space. I also have absolutely no desire to live in distant cul-de-sac style suburbs, and I'd prefer to walk to the store if I can, even though I'm at the point where I'm thinking about buying a house and raising a family.
So whatever assumptions you're making about minimum wage or driving an older car or walking / biking are not applicable to me, and pretty much anyone in my circle of friends in the demographic which spans both coasts and multiple cities.