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 $100-a-month cold-brew habits. Nonetheless, coffee endures as a personal-finance flash point because it provides such a tidy intersection of generational tensions. A cup of coffee embodies changes in everything from how younger Americans eat to where they live and how they approach their finances. For young people who buy one each morning, the walk up to the barista can be a shame-tinged tug of war.
(Excerpt) Read more at theatlantic.com ...
These Starbucks addicts, including a sad contingent of FReepers, seem to think they are entitled to squander their money on “champagne” while whining about their (freely contracted) college loans and the rising cost of the health care fiasco they all seemed to favor ten years ago.
Whenever the grandkids want a cold coffee drink we do a McDonalds drive thru. They’ve never complained and it’s a heckuva lot less than Starbucks. Me? I like good old homemade coffee by the pot. Lol
IOW: Be penny wise and pound foolish.
I buy one Peet’s most days: the precursor (1966) to Starbuck’s (1971), and quite superior.
I can meet a friend, chat with acquaintances, work on a score or script, and enjoy the various Pandora music channels.
Since I have never spent one cent on, for instance, illegal drugs (or other illicit if not illegal vices), I think I will continue to indulge this one minor luxury.
Laftes. His and hers. Homemade. Daily. 3 shots espresso
Oat milk. Whipped cream
All said and done about 0.75$ to 1$ each
LOL..that’s about right. We live there about 6 months a year.
My espresso maker is. 40$. Lasts about 3-5 yrs
Makes 2 shots then have to cool and refill h20
Try Cold Brew....Buckeye.
Keurig is all I use now. I'd rather spend more for a perfectly fresh cup every time I drink a cup than drink a pot in which half of it is going to taste burnt. I have found that I drink less coffee as well because I don't feel compelled to finish the pot.
What generation was this?
Suze Orman wants young people to stop “peeing” away millions of dollars on coffee
= = =
Well, don’t pee it away.
Pee it back into the cup.
Saves money and is Recycling at it’s best.
Interesting!
Never even seen that brand before.
I do Publix Espresso or La Llavé ($2.99/10oz.)
I’m retired, so when i want that cup
of coffee at the local coffee shop. I
will darn well buy it, and truck these
finance gurus!
Me too. I tried one and while I liked the coffee I did not like having to use a new cup everytime and have to wait for it to be made. Went back to Mr. Coffee and I am happy. A lot cheaper.
If I need coffee when I am out I will stop for a McCoffee at McDonald’s, cheaper and better.
Yeah, you Baby Boomers hate being called out for the mess you all made of things.
Nothing I posted is false.
I tried that too and still found it too much trouble to use.
+Since when is giving sound financial advice to avoid wasting money any sort of “shaming”? Another word we have allowed leftists to redefine.
I wouldn’t be surprised if Starbucks sponsored this content.
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