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

[mysteryman]

Nymeria 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.

 

"Approximately 62% of Americans have less than $1,000 in their savings accounts and 21% don’t even have a savings account, according to a new survey of more than 5,000 adults conducted this month by Google Consumer Survey."

https://www.marketwatch.com/story/most-americans-have-less-than-1000-in-savings-2015-10-06

 

Can have 1 in 6 with plenty of money, on the flip side the other 5 of 6 could be struggling to make ends meet.

It’s interesting that the results are very similar regardless of age.