You could retire a millionaire, Bach promised, just by forgoing your daily trip to Starbucks and investing the money instead! But the Latte Factor ticked so many boxes, it didn’t seem to matter that these didn’t include the one marked “accurate”. The 2017 version of the Latte Factor is, of course, estate agents berating millennials for spending money on fancy sandwiches or avocado toast, on the grounds that if they saved it, they could afford a flat in a pricey city. Premium mediocre includes “cupcakes and froyo”, Rao explains, along with “‘truffle oil on anything”, “extra-legroom seats in economy”, plus any product labelled “signature”. (One memorable trip to a fantastic £100-a-head restaurant is clearly preferable to five £20 meals at premium mediocre places.)

Source: The Guardian December 08, 2017 15:00 UTC