Millionaire to Millennials: Stop Buying Avocado Toast If You Want to Buy a Home

[numberwang]

Millionaire to Millennials: Stop Buying Avocado Toast If You Want to Buy a Home

Freely spending on avocados — the pricey, popular superfruit beloved by young people — may be one of the reasons why some young people can’t afford a house, according to Australian millionaire and property mogul Tim Gurner.

“When I was trying to buy my first home, I wasn’t buying smashed avocado for $19 and four coffees at $4 each,” Gurner told the Australian news show 60 Minutes.

A Food Institute analysis of 2014 data from the US Department of Agriculture also found that millennials spend about 44% of their “food dollars” on eating out where foods like avocado seem to dominate menus from fast-food staples like Starbucks to fast-casual restaurants like Chipotle.

 

http://time.com/money/4778942/avocados-millennials-home-buying/