There may be no greater milestone for a teenager than obtaining their driver’s license, but as gas prices reach highs not seen in years and the economy continues its windy course, results of a new survey show fewer parents are giving their teens the green light to get a license.
The survey, conducted by Harris Interactive on behalf of Nationwide Mutual Insurance, shows one in seven parents say they will either postpone when their child gets their driver’s license or not allow them to take the car out, due to the increasing costs of driving.
Households with teen drivers spend nearly $3,100 a year to allow their teens to drive, according to the survey of 1,483 parents of driving age teens, ages 15-19. This amount includes insuring their teen to drive, as well as the cost of gas and other automotive expenses. According to the survey, 41 percent of parents say they pay for all of the costs associated with their teen’s driving, while just under a third say the costs are shared with their child. Only one in six parents say that their teenage driver pays for all costs related to their driving.
What's Cookin' Today Hour TWO:
Don't forget to "Like" CRN's Facebook Page: http://www.facebook.com/crntalkAnd "Like" Our What's Cookin' Today Page, too! http://www.facebook.com/pages/Whats-Cookin-Today-Radio-Show/180963171920067