Headlines about avocado toast are everywhere, but this time it's more about economics than food trends. It began when an Australian property mogul went on Australia's 60 Minutes and scolded millennials. "When I was trying to buy my first home, I wasn't buying smashed avocado for $19 and four coffees at $4 each," Tim Gurner harrumphed, per CNN Money. Let the reaction begin:
- The New York Times' DealBook does some fact-checking, and it doesn't come out well for Gurner. Millennials are no more likely to spend on travel and dining than other generations, and it would take a serious amount of avocado toast to put a dent in a down payment these days. Besides, homeownership isn't necessarily a slam-dunk as a wise financial move.
- Time is out with an avocado toast calculator. You plug in your city, and it crunches data to figure out how many servings of avocado toast (at $8 a pop) you'd have to skip to afford a down payment in your area.