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Forget smashed avocado on toast, is COFFEE why you can't buy a home?

"Wilfredo Desmond" (14/01/2020)


http%3A%2F%2Fblogfiles.naver.net%2F20160Forget 'smashed avocado on toast' or your other brunch favourites, the real reasons millennials can't afford to buy a house has now been revealed.

On its own, walking down to your local hipster cafe to buy a much needed coffee hit every day may not cost a lot - but when you add it all together, it starts to add up.

Particularly it seems, when spending that $3.50 on yourself often results in buying a coffee for a friend or colleague too, despite the fact they will never return the favour.

Australians spend an average $400 a year alone on buying coffee for others, new research shows (stock image) 

New research has revealed just how much money Australians are wasting on others for favours they will never see returned, which could be impacting on their ability to afford a house deposit (stock image)

In fact, on average Australians spend $400 a year alone on buying coffee for others, while also splurging thousands on shouting our mate everything from holidays and drinks to Ubers - money that could be going towards a deposit on a home.

New research has revealed just how much money Australians are wasting on others for favours they will never see returned.

Close to half of all millennials find themselves up to $400 in debt from shouting lattes. 

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Share About 30 per cent never get paid back for buying dinner or drinks, while 16 per cent lose out paying for Ubers and taxis.

Emily Curlewis, a shopping expert for PayPal, told Daily Mail Australia the research is a sign of just how expensive modern day life can be.

'There's always that one person who avoids paying and it's causing friction between friends,' Ms Curlewis said.

Close to half of all millennials find themselves up to $400 in debt from shouting lattes, research finds (stock image) 

In the wake of new research on spending habits, PayPal has launched an app aimed at making it easier to pay back your friends (stock image) 

'Our research found that 60% of millennials have made an excuse for not paying their friends back, ranging from not having cash (29%) to just forgetting (28%) and not being able to find an ATM (10%). 

'It's almost as if millennials are playing a game of hide-and-seek with their mates, and are constantly awkward about their debts.' 



In the wake of the research, the money giant is urging people to use their app which they say is guaranteed to make it easier to pay back your friends.

Enabling friends or 토렌트 순위 colleagues to request or pay funds in an instant, the Peer to Peer (P2P) app means owed money won't be forgotten about. 

'It's about creating an experience that removes the tension we feel when we owe, and are owed, money,' Ms Curlewis said.

'With the PayPal app's P2P function, all you need is an email address or mobile number to quickly send the money you owe or request money owed to you. 

'It makes it easy to avoid awkward conversations and pay back your friends.'

You can download PayPal's 'P2P app' here. 

Read more:
Send Money, Transfer Money or Pay Online - PayPal Australia