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 ...
I never much cared for coffee.
My parents always started a Mr. Coffee when they got up in the morning. They kept it going all day.
” If I want to buy my coffee for $14/cup at the Ritz, why should she care?”
Dang. And I thought I was getting robbed when I paid $10/cup with Irish Cream a few years back.
+1
Tinto, 2 beef empanadas at Bin Ban in Manizales Colombia...bout $.85. You’re welcome.
Well last I heard or read Suze had a wife to attend to, so I could care a less about her advice as well.
But it’s your money - do what you want with it, absolutely.
Me either.
I can. Never liked the stuff.
Back when a cup of coffee (over the counter) went from a dime to a quarter it seemed excessive ...
I’m beyond S’$ for many reasons but most especially because I see no reason to waste memory and excessive $ on their private terminology for taste buds long since set for military coffee aka gun-barrel cleaner. However, for every person, unless they are on Dave Ramsey’s “beans & rice” recovery program, there should be room for a CONSIDERED luxury. For some it can be Starbucks but it is not for me!
Seems like a lifetime ago.............................wait, IT WAS!.....................
I drink O.J. Simpson coffee... strong, black and bitter.
I drink whatever is on sale at Big Lots this month!..............
She has a point. It’s good advice. However, it’s still a free country. If people want to pi$$ away their hard earned $$, that is their business. As long as they don’t spend it at Starbucks. [/joke]
For $5 a Month on their APP you can get a cup of Coffee at Burger King every day.
I wonder if Starbucks will Price Match that deal?
I finally realized I really didn’t like coffee at all, just needed the caffeine.
My Keurig and the coffee pod holder sits in the garage now, it’s nice to clear off the counter space.
I take two generic “No Doz”’tablets every morning with a glass of milk—costs me $0.28 per day. :0)
Doubt it...........BK cups are small................
The best instant coffee out there is Juan Valdez granules.
Beats the hell out of that scorched Starbucks too-acid junk.
5 bucks a jar and is exquisite,
True.
“why should she care?”
Well, if you were one of the millennials who wants everyone else to chip in to pay off their college loan debts, or give them free healthcare, or a universal income, then yeah, we should care if you are wasting your money on frivolous things.
If you support yourself, buy whatever crap you want. If you ask for my support, then your spending becomes my business too.
If they don’t buy the expensive coffee then they will have money to pay off their college loans.
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