Millennials have been publicly scolded for wasting their money on avocado toast instead of buying houses—but how realistic is that accusation?

Millennials have been publicly scolded for wasting their money on avocado toast instead of buying houses—but how realistic is that accusation? One millionaire mogul has now infamously declared that their frivolous spending on dining and vacations has kept them from home ownership, but stats from the Food Institute and MMGY Global say otherwise. Millennials are only spending $89 more a year on dining out than the average American and $305 more than 55-64-year-olds—hardly enough to save up for a house—besides, they’re actually saving money on vacations compared to Gen X and Boomers. (NYTimes)