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56% Do Not Want to Ride in a Driverless Vehicle

Tuesday, January 2, 2018

When Americans are asked whether they would ride in a driverless vehicle if given the chance, the naysayers outnumber the yaysayers. The 56% majority of Americans aged 18 or older would say no to riding in a driverless vehicle, according to a Pew Research Center survey, and 44% would say yes. Here are the not-so-surprising demographics of those who would say yes...

Percent who would want to ride in a driverless vehicle

Men: 53%
Women: 35%

Under age 50: 51%
Aged 50-plus: 35%

College graduate: 56%
Some college: 44%
High school or less: 33%

Urban: 52%
Suburban: 40%
Rural: 36%

Why are so many people hesitant to ride in a driverless vehicle? The single biggest reason, cited by 42% according to Pew, is lack of trust in technology/unwillingness to cede control to a machine. Before you wring your hands in despair over America's Luddite majority, keep in mind that if Pew had been around to survey the public about horseless carriages, the naysayers likely would have been just as numerous and for the same reason.

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Existing Home Sales Suffer from Low Inventory

Monday, July 16, 2018

Despite favorable macroeconomic conditions, the recent pace of existing home sales has been weak. Sales fell 0.4% in May due to a lack of inventory, which declined 2.8% for the month and is 6.1% lower than a year ago....

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