Posted on 07/18/2019 2:36:52 PM PDT by Red Badger
Suze Orman wants young people to stop “peeing” away millions of dollars on coffee. Last month, the personal-finance celebrity ignited a controversy on social media when a video she starred in for CNBC targeted a familiar villain: kids these days and their silly $5 lattes. Because brewing coffee at home is less expensive, Orman argued, purchasing it elsewhere is tantamount to flushing money away, which makes it a worthy symbol of Millennials’ squandered resources.
Orman’s not alone in this view. The old guard of personal finance has spent years turning the habit of buying coffee into a shorthand for Americans’ profligacy, especially that of young Americans. Dave Ramsey, a finance personality who hosts a popular radio show on getting out of debt, says that forgoing lattes is one of four keys to saving thousands of dollars. Kevin O’Leary, one of the investors on the entrepreneurial reality show Shark Tank, once told CNBC, “I never buy a frape-latte-blah-blah-blah-woof-woof-woof.” Even the official Twitter account for Chase Bank has gotten in on the fun, intimating via meme that a failure to brew at home is why young people don’t have any money.
In the face of coffee shaming, young people usually point to things like student loans and housing prices as the true source of the generation’s instability, not their $100-a-month cold-brew habits. Nonetheless, coffee endures as a personal-finance flash point because it provides such a tidy intersection of generational tensions. A cup of coffee embodies changes in everything from how younger Americans eat to where they live and how they approach their finances. For young people who buy one each morning, the walk up to the barista can be a shame-tinged tug of war.
(Excerpt) Read more at theatlantic.com ...
Hell, I got rid of the Keurig somebody gave me cause the cost per cup on that is 40 cents vs. around a nickel with the ol’ Mr. Coffee.
Had the problem solved for years. I don’t drink coffee, never have.
Could say the same thing about alcohol, too.
My coffee destroys Starbucks any time of day and it costs pennies.
Make it yourself and save money.
Wow. Is there nothing that doesn’t offend the sensibilities of these snowflakes? How DARE they suggest that you might, just possibly, have to sacrifice a little to achieve a goal?
Hard to believe.
In the meantime Starbucks coffee is very popular in general.
One persons silly $5 latte is another persons silly $5 pack of smokes is another persons silly $5 lottery ticket is another persons silly $5 beer at a ballgame .....
And so on.
Spend (waste) your money on what you want.
Great, another reason for me to have another cup of Joe. Suck it, Suzy. My coffee ain’t your damn business.
Yep, I buy Black Rifle coffee and grind it myself and it’s better than Starbucks, Peet’s, or any of those others.
Spending that kind of money on coffee is stupid, especially for people who have a low income like kids.
Yet it is a free choice. They are free to choose to waste their dollars on bitter tasting SJW crap a paper cup.
But Orman is also smart to encourage them to stop.
Look, there was a time when I thought “Dominoes” was good pizza...when it was the best I could afford. Now I won’t touch the stuff. Young people today think that buying the high end products or services is a birthright.
That is why their wealth is being drained. They make dumb choices.
The point Suze is making is that these millenials are complaining of the costs of college and literally piss money down the toilet............
It’s not just the $$$coffee$$$, it’s the $$$eating out$$$ and $$$entertainment$$$ and $$$digitalegocrutches$$$
(says the fellow who really needs to find a cheaper/better inet provider than the death star)
Yep, that’s where I’m at—not that it’s any of Suze’s damn business. If I want to buy my coffee for $14/cup at the Ritz, why should she care?
Is that 40 cent/cup using store bought K-cups or filling your own?
I have around $1000 in a decent espresso machine, 2 burr grinders (1 for regular and 1 for decaf), and a milk heating/frothing appliance. I’ve had it all for over 10 years, make a couple lattes a day typically (one for me, one for the wife). Let’s say 2/day x 250 days/year x $4 each at *$$ => $2000 per year saved, minus milk and coffee costs, which are pretty minimal all in all. Plus I don’t have to go to *$$ and wait in line.
Don’t do $5 lattes. I drink tons of good ole fashioned black coffee. I make a small pot for breakfast, a cup on the way to work, and off and on until about 3:30 PM. My coffee drinking is not used as a social opportunity or for conspicuous consumption displays . . . it is just because I like good coffee, and have since I was about 10 years old.
Shes really referring to places like Starbucks................
I’ll bet they spend a lot more on beer and pot.
Probably so........................
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