Anonymous
Anonymous asked in Social ScienceEconomics · 2 months ago

Will daily 5 dollar latte put a huge dent in your savings??

6 Answers

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  • 1 month ago

    It could, depending on how much money you make.  But also, what's the point of living if you don't get to enjoy it?  If it makes someone happy to spend $5 on their fancy coffee, then that's fine.  People work so that they have money to spend it on what they need and want.  If they want coffee that's no big deal

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  • Anonymous
    2 months ago

    Yes. I will not waste such. I am conservative and invest my money.

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  • Anonymous
    2 months ago

    Yes... but for me it is the daily 5$ I pay for food.

    I retired 4 years early (age 62), the government reduced my life time Social Security benefits by 25%.

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  • marty
    Lv 7
    2 months ago

    I would imagine it would.  Thats probably why many Americans have nothing at all in savings.

    35 percent of all adults in the U.S. have only several hundred dollars in their savings accounts and 34 percent have zero. Only 15 percent have over $10,000 stashed away.

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  • 2 months ago

    over a ten year period it's over $18000 so maybe

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  • audrey
    Lv 7
    2 months ago

    It certainly would in mine. I like coffee, but no coffee is worth $5 a cup to me!

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