What Cars Are Boomers Buying?
Being a Boomer myself, I have gone from wanting the bigger, heavier, luxury car, to driving something very economical. With gas prices and maintenance at an all time high and larger auto insurance premiums for bigger more powerful cars, it just makes sense to downsize.
The findings contradict analysts’ assumptions a few years back that as baby boomers became empty nesters, they would spend their extra income on luxury vehicles and the sort of flashy sports cars that they coveted in their youth. Instead, faced with rising gasoline prices, an economic crisis that has shrunk their nest eggs and the need to keep working (and to help out adult children who can’t find jobs), many boomers seem to be rethinking their priorities. – in article by Patrick Kiger in Entrepreneur Magazine.
In today’s economy, it’s worth taking a look at the smaller more economical cars. There are even some insurance companies that give a discount if you buy a Hybrid car.