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re: Why do old people go to the default argument of $6 coffee when talking about affordability
Posted on 7/13/26 at 9:41 am to boogiewoogie1978
Posted on 7/13/26 at 9:41 am to boogiewoogie1978
Because it used to cost only 10 cents for a cup of coffee.
0
Posted on 7/13/26 at 9:43 am to boogiewoogie1978
Because it used to cost only 10 cents for a cup of coffee.
Posted on 7/13/26 at 9:44 am to imjustafatkid
quote:
quote:
Why do old people go to the default argument of $6 coffee when talking about affordability
I don't drink much, maybe a couple drinks one night a week. I don't smoke. I love coffee and caffeine helps me get through my day and be productive. I often drink coffee in lieu of a meal, which is especially true with breakfast. So, if my one treat to myself is a $6 cup of coffee, anyone who has a problem with that can frick off.
Posted on 7/13/26 at 9:50 am to boogiewoogie1978
quote:
The price of cars both new and used have made this almost impossible
Wrong. You're just regurgitating something you've seen on Facebook.
Seriously man, quit blowing your money on dumb things and isolate your savings as profit and invest accordingly.
This works no matter who the President is or which party is in power. Best of luck to you. I sincerely mean that. I know shite is hard (it always has been for younger folks) but it is not impossible.
This post was edited on 7/13/26 at 9:53 am
Posted on 7/13/26 at 9:51 am to BuckI
quote:Wow.
People tell me they paid their way through college with summer jobs back in the 60's-70's. A few hours in the evening or weekends bought them cars
In 1960, just 15% of families had more than one car.
By 1970 that number had doubled.
It wasn't until the mid1980's that the number of > one vehicle HHs hit 50%
However, that is not really what you're insinuating. You are addressing HHs where the parents and one or more kids have cars. Those did not exist for the most part in the 60's and 70's. They would fall in the 3+ vehicle category. It looks like this on a timescale:
Year % of households with 3+ vehicles
1960 ~2–3%
1970 ~5–7%
1980 ~10–12%
1990 ~15%
2000 ~18–20%
2010 ~20%
2020 ~20–22%
Posted on 7/13/26 at 9:55 am to boogiewoogie1978
quote:
So spending money back in the day on gallons of alcohol wasn't?
Baby Boomers might have been the heavier drinkers when adjusted for age but Millennials and Gen Z still manage to beat them for wastefulness when it comes to their purchase of high end brands of alcohol. When baby boomers bought their "gallons", it was more likely to be shite like taaka or old crow as opposed to grey goose or makers mark. So when it comes to alcohol, baby boomers were still probably more cost conscious than younger generations.
Posted on 7/13/26 at 9:56 am to BTROleMisser
quote:
I don't drink much, maybe a couple drinks one night a week. I don't smoke. I love coffee and caffeine helps me get through my day and be productive. I often drink coffee in lieu of a meal, which is especially true with breakfast. So, if my one treat to myself is a $6 cup of coffee, anyone who has a problem with that can frick off.
I also agree that if it's not a problem for you, then continue doing it. It is your money and it's your life. Just don't expect people to co-sign your bs about your money problems should they occur. I would assume you personally are not having money issues.
When people bitch about not having enough money, this is the first place to look to make cuts and give yourself a helping hand if you really need it.
Posted on 7/13/26 at 10:00 am to boogiewoogie1978
quote:
So spending money back in the day on gallons of alcohol wasn't?
No, that is also a wasteful expense.
Posted on 7/13/26 at 10:05 am to boogiewoogie1978
quote:In 1975, Economy car price (BaseMSRP) was ~$2,900–3,600. Median income was $11,800. % of income to car price ~25-31%.
The price of cars both new and used have made this almost impossible
In 2026, Economy car price (BaseMSRP) runs ~$20,500–23,500. Median income is $83,730. % of income to car price ~24-28%
Americans are buying far more luxury vehicles than was the case in the past.
Posted on 7/13/26 at 10:06 am to boogiewoogie1978
It's one example of the whole issue. There are people in their 20s who get Doordash deliveries a shiteload of times per week/month.
They can say -- it's none of your business!
Then stop complaining about how hard things are when you are spending $50 a week on coffees or $100 on a handful of door dashes
They can say -- it's none of your business!
Then stop complaining about how hard things are when you are spending $50 a week on coffees or $100 on a handful of door dashes
Posted on 7/13/26 at 10:06 am to Philzilla2k
quote:
I don’t drink coffee.
I'm gonna guess you're not a Cajun.
BTW, I go to SB every day and get a 4 shot espresso in a tall cup for $4.30. The most expensive coffees are ordered by women with lots of sugary creams and sprinkles in a giant cup with just a few drops of actual coffee. This way they can tell their friends "I only had a cup of coffee for breakfast" instead of the truth: "I had a half pound of candy for breakfast."
Posted on 7/13/26 at 10:11 am to boogiewoogie1978
quote:
Why do old people go to the default argument of $6 coffee when talking about affordability
I'm late GenX and I use this talking point frequently.
People do pay $6-8 for a coffee multiple times daily, and it's an unnecessary expenditure. If I drink coffee, it's once a day in the morning and it costs me a few pennies to brew the cup.
Many of these same people feel the impulse to go out and eat at upscale dives with coworkers on their lunch breaks at work that might cost them $35-50 a pop, when they could easily bring a lunch from home for a few bucks. Multiply the coffee and lunches by 5-6 days a week and you can easily tally $1500-2000 a month in lunch and coffee. That's insanity.
Affordability is certainly a problem, but it's overblown in many ways. The bigger problem is wanton waste from the billfold by people who are compelled to keep up appearances by having multiple vinti white mochas a day along with a daily tofu burger at a little diner with free wifi that only plays My Morning Jacket songs on the lobby radio.
Posted on 7/13/26 at 10:17 am to theballguy
quote:
10% compounding interest rate,
Not to derail this thread, but holy irrational exuberance Batman!
Posted on 7/13/26 at 10:23 am to BulldogXero
quote:
A $400k home in most major cities isn't exactly a mansion.
Supply and demand, right?
Let's take a reasonable "big city" example - Goshen, NY (Orange County) - 40 miles from Manhattan, so that's a very, very reasonable commute by train. About 400k to 425k folks. Median household income is just under 6 figures. Median home lists for about $550k, but end up selling for about $450k (so something is going on with that - deflation of median home values?)
That's not crazy. Higher home values are normally associated with higher median household income.
Take a flyover example: Lafayette, Louisiana - median house lists for about $280k, sells for $260k. Median household income runs $62k to $65k.
Not crazy.
What else you got?
(My point is - these youngsters buying their first home at 28 to 32, after renting/living with mom/whateverthafrick, don't want a starter or one notch up - they want nice, almost new, with finishes and all the new whizbang stuff right away. This bids up all those sorts of homes and now you're not at median price - you're 15 to 20% above, but your income is median. #Somethinghastogive)
This post was edited on 7/13/26 at 10:27 am
Posted on 7/13/26 at 10:25 am to boogiewoogie1978
Fortunately for the whiny young sluggards whining doesn't cost anything.
Well, except for opportunity cost, which they do not understand
Well, except for opportunity cost, which they do not understand
Posted on 7/13/26 at 10:43 am to boogiewoogie1978
Why? My son is 20 and saved all of his money for over a year to buy his own car because I had him in his deceased grandmas 97 Buick LeSabre. The 2024 Civic Sport he.bought was $24k. He had all the money saved to get it free and clear but I told him to pay $19k and I would co-sign the other $6k so that he could start building a credit history. He also pays me and his mom $500 a month rent. Now he is saving to put down on his 1st house in a few years. His 24 year old sister closed on her 1st house 3 months ago. It was an older home less than $200k near Gadsden, Alabama. And, she paid for her 1st car also. She did the same thing he is doing except she went and got a college degree first but worked all through college saving. Lived with us a couple of years paying $500 and saving almost every dollar she earned until she found the right place she could afford as a 1st home.
What they don’t do is spend $ at Starbucks, fast food, Uber Eats, Door Dash, new phone every year, countless streaming subscriptions, eating out multiple times a week, etc.
What they don’t do is spend $ at Starbucks, fast food, Uber Eats, Door Dash, new phone every year, countless streaming subscriptions, eating out multiple times a week, etc.
Posted on 7/13/26 at 10:46 am to boogiewoogie1978
quote:
Why do old people go to the default argument of $6 coffee when talking about affordability
Maybe they pee a little when they cough and sneeze and don’t really care about your discussion points.
Posted on 7/13/26 at 10:49 am to boogiewoogie1978
Most millionaires drink McDonald’s or Dunkin coffee not Starbucks or any other more expensive or exclusive brand.
Posted on 7/13/26 at 10:51 am to TigerAxeOK
“People do pay $6-8 for a coffee multiple times daily”
My sister got a Masters degree in counseling,she only lasted a year before she quit it and went and got a degree in nursing.
She got fed up with it because she said 90% of the problems they came to her with were self inflicted and with a little common sense they could have figured it out.She got particularly fed up with the ones with financial problems.
One she liked to talk about was a young women depressed because she was drowning in debt,credit cards maxed out,etc.(A common situation)
Young woman make a decent salary but she spent $8 every morning at SB for coffee and a muffin.(approx $2k/year)Got her nails done every 2 weeks($1 1/2 k/year)Only drank bottled water,bought lunch every day,had a big car note,on and on.
Sister told her to buy a coffee maker,travel cup and a muffin pan,fix her own.Get a Brita filter pitcher and a Yetti cup for water.Fix a lunch.
Sister said the YW acted like she was telling her to go home and kill her dog.
Sister said frick this,I can’t do this for the rest of my life,hence the nursing degree.
My sister got a Masters degree in counseling,she only lasted a year before she quit it and went and got a degree in nursing.
She got fed up with it because she said 90% of the problems they came to her with were self inflicted and with a little common sense they could have figured it out.She got particularly fed up with the ones with financial problems.
One she liked to talk about was a young women depressed because she was drowning in debt,credit cards maxed out,etc.(A common situation)
Young woman make a decent salary but she spent $8 every morning at SB for coffee and a muffin.(approx $2k/year)Got her nails done every 2 weeks($1 1/2 k/year)Only drank bottled water,bought lunch every day,had a big car note,on and on.
Sister told her to buy a coffee maker,travel cup and a muffin pan,fix her own.Get a Brita filter pitcher and a Yetti cup for water.Fix a lunch.
Sister said the YW acted like she was telling her to go home and kill her dog.
Sister said frick this,I can’t do this for the rest of my life,hence the nursing degree.
Posted on 7/13/26 at 10:53 am to Dirk Dawgler
quote:
What they don’t do is spend $ at Starbucks, fast food, Uber Eats, Door Dash, new phone every year, countless streaming subscriptions, eating out multiple times a week, etc.
You left out a major spending issue with young women: LOTS of new clothes, shoes, make up, hair stuff, etc. Some of the stuff never gets used.
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