LordCBH
Member
I really don't get why people still say this.
$5 of coffee once per day = $1825/year. (Nobody is buying it every single day a year).
Median rent for house/apartment per year is $1,870.
Rent for a year = 22,440/year.
It's the cost of living increases while stagnating wages that is costing young people's wealth later in life. Cost to buy things goes up, your wage doesn't. You're now making less than the year prior. Buying a convenient cup of coffee some of the days you live has an insignificant effect on future earnings.
Whoa whoa whoa man. Just stop eating avocado toast and you can save $7 and finally afford that house. (/s obviously)