“Lasting prosperity requires investment in a new and more efficient economic system. We’ll never get there if we continue to spend every last penny on houses, cars, and energy.”
In dense urban areas like where I live, a car is a burden, not a convenience. Yes, there are a lot of places where it’d be very hard to live without one, but this is an interesting trend nevertheless… and the conclusions seem sound.
Certain things just cost more as a percentage of income than they did in previous generations, so (in the absence of some kind of income reform) people are slowly changing their behavior.