‘They’re about living in the now’: Bank executive slams Gen Y because they would rather buy an extra cup of coffee than save for a home

First it was smashed avocado on toast, now it’s cappuccinos that young people are accused of wasting their money on.

A highly-paid bank executive says Generation Y people are shelling out for extra cups of coffee instead of saving.

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Young people are more likely to be spending their money on coffee and energy drinks, a study has found