According to Acorn's Money Matters Report, 41% of the ~2k Millennials surveyed, spent more money on coffee in 2015 than they invested in their retirement.
I enjoy it and it's something that makes the studying and the work maybe a little more enjoyable.
That said, what about all of the money those Millennials are spending on expensive, high-end java at their favorite barista? Over time, that $5/day adds up to some some serious $$$s.
- $84/month; and,
What if Millennials could cut the cost in half and put that $500/year toward retirement without sacrificing the quality of their java?
There is a way: The Motley Monk's way! Try Intelligent Blends Coffee.
At .39/K-Cup, Millennials can have excellent coffee!
The Motley Monk happened upon Intelligent Blends when he no longer could grind his own beans each day for a cup of very good Sunburst Coffee from Costa Rica. Now, while it's true that he doesn't get that "fresh ground smell" from the grinder anymore, the Intelligent Blends' aroma and taste (he uses French roast) is nothing short of a great substitute.
What is very important here is to consider what Mina Hirsch has to say about Millennials--like her--who are putting more money into their java than into a retirement savings account:
We live in the moment, maybe more than others, so that concept of thinking about the future or retirement isn't necessarily as big of a deal as it was in the past.
"Retirement isn't a big deal"?
In one sense, Hirsch is correct: There's not going to any "deal" for the Millennials!
- The nation's indebtedness is unsustainable.
- The kind of employment the Millennials believe they deserve isn't to be found in sufficient numbers of jobs.
- Millennials' college loan indebtedness will have to be paid off.
What are they thinking? The federal government is going to subsidize their retirements?
Let the discussion begin...
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