patrick.net

Last year, Dave Rodham bought two Ford Mustangs -- a red one because it looked cool and then a white one with a big V-8 engine because it sounded cool. For Rodham, 63 and retired, those were his 50th and 51st cars.
“I have to have a new car every year-and-a-half to two years,” said Rodham, of Virginia Beach, Virginia, who said he pays cash for his cars. “After I retired 10 years ago, I didn’t have anything else to do, so I went out and bought new cars.”

I can't believe what I'm reading.

The millenials could also save up for a new car if they weren't going out to eat 5-10 times a week, club every weekend and ball at the mall twice a month

dublin hillz says

The millenials could also save up for a new car if they weren't going out to eat 5-10 times a week, club every weekend and ball at the mall twice a month

Even if they curbed all that, the massive amount of student loans hanging over their heads would still make a brand new car purchase a lofty goal.

Heraclitusstudent says

Boomers most likely to buy a new car

No shit, they have all the money, all the stocks, and all the real estate. The Millennials have all the debt.

That's why I think it's OK to cut Social Security for the boomers. They have been the most financially advantageous generation in American history simply from accident of birth. They don't need other generations to sacrifice to support them.