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

[irstupid]

Teeqoz said:

irstupid said:
Let millennials do whatever they want. I read an article the other day saying that 1 in 6 millennials have 100,000 in savings right now.



*I call complete bullshit on that, fyi.

But it's not just Avacado's or expensive coffee. Where I work, I'm pretty sure I'm the only one that eats in every single day. Most people go out to eat for lunch. They are spending like $8-10 easy every day buying lunch. If you make your lunch you will save a lot.
Then take going to bars on weekends, or going out to eat at night a lot or ordering pizza delivery, smoking, marijuana, beer, microtransactions, ect. It's a culmination of a lot of things, not just avacado's or expensive cofees that can save people thousands.

Eh, it depends on when the cut-off point for millennials is. The "millennial" generation is typically considered to start somewhere in the span of 1977-1983, and ends some time between 1993-1996. If you take the earliest years for both, you have millennials in their 40s now, while the youngest are 25. I could see 1 in 6 in that age range having 100,000 in savings.

the survey said like ages 22-37 or something. 37 was the high end. Not sure what low end was.

But go and think of the first dozen people you can think of between those ages. Do you believe that at least two of them have 100k sitting in savings? 100k is a lot of money.