So it’s down to this — avocados and lattes.
The so-called millennial generation has come of age at an interesting moment in history.
They’ve graduated and job-hunted in the wake of the most devastating financial downturn since the great recession. Ultra-low bond yields have created an environment where borrowing instead of saving up to buy large items might not have been a bad strategy — sorry, Mom and Dad. And as they navigate through that challenging environment, the uber-wealthy can’t help but weigh in that everything would be fine, if only this generation weren’t so damn indulgent.
Just ask Australian millionaire Tim Gurner. Here’s what he had to say about why young people have been slow to buy homes down under:
“When I was trying to buy my first home, I wasn’t buying smashed avocado for $19 and four coffees at $4 each.” You can watch the whole interview here.
That’s right. Blame the avocado toast.
Well, you know what? Take a big bite, Mr. Gurner.
Avocados aren’t really very expensive, but they’re delicious. And they’re not to blame for poor job prospects, the oil crash, the Great Recession, outrageous student loans and fees or the fact that a lot of people want the freedom that comes with renting.
Plus, as a banana-hating millennial, I’ve got to get my potassium somewhere…
Anyway, just a little rant to say this: Let them eat toast! Or, at least crochet it!
P.s. What did you make this week?