Goldman Sachs says British people don't want to drive cars anymore

For people growing up 20 years ago, it was a time-honoured right of passage: The day you finally passed your driving test. If you saved up enough money, maybe you could get your own second-hand Ford Capri.

Not anymore.

Teenagers are increasingly disinterested in learning to drive, according to data from Goldman Sachs.

The investment bank prepared this chart - based on stats from the Department of Transport - showing that younger British people are much less likely to apply for a driving license, compared to their parents. Goldman suggests that the problem is that the average amount of time people in the UK waste in congested traffic is about 150 hours a year - twice the number than in the US. The average Londoner wastes 250 hours a year in traffic.

That, combined with online delivery (like Deliveroo and Just Eat) and ride-sharing services (like Uber), have made getting your own car a lot less appealing for da yoofs. In the 1990s, nearly half of teenagers had licenses. Now, only a third do. There has been a marked decline in license-holding for everyone under 40.

Old people, however, still love to drive.

Here's the chart:

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