The expectations of younger people are very, very high “They want to eat out every day, they want to travel every year.
The people that own homes today worked very, very hard for it, saved every dollar, did everything they could to get up the property investment ladder.”
Millennial spending habits have been analyzed from all angles and according to Goldman Sachs researcher Lindsay Drucker, young people place value over convenience and prefer experiences over big ticket items like homes and cars.
A Food Institute analysis of 2014 data from the U.S. Department of Agriculture also found that millennials spend about 44% of their “food dollars” on eating out.
Millionaire and property mogul Tim Gurner said “When I was trying to buy my first home, I wasn’t buying smashed avocado for $19 and four coffees at $4 each.”
Gurner isn’t the only critic of young people who choose to spend a lot on avocados. The Australian columnist Bernard Salt criticizing those who spend a lot on them. “I have seen young people order smashed avocado with crumbled feta on five-grain toasted bread at $22 a pop and more.”
“Twenty-two dollars several times a week could go towards a deposit on a house.”