Outrage Over U.S. Economy As Avocados on Toast Now Seen as a 'Luxury'

Americans have shared their economic woes after a post went viral for stating "avocados with bread" is now considered to be a luxury that prevents young people from buying their first home.

After one user shared a post to Reddit bemoaning the fact "fruit and bread" is now viewed as an "extravagance," several renters took to the comments to share just how difficult it is to get a foot on the home ladder.

The idea that Millennials and Generation Z aren't able to purchase homes because of their frivolous spending on things like avocado toast and takeaway coffee has been circulating popular culture for several years.

The concept originated in 2017, when Australian millionaire Tim Gurner used the Instagram-worthy breakfast as a symbol of financial irresponsibility in millennials, advising them to put their "$22 a pop" toast towards a house deposit.

Avocado toast
Avocado toast. Internet users have shared their outrage that "avocados with bread" is seen as a luxury that prevents young people from buying their first home. iStock / Getty Images Plus/Getty Images

However, a more realistic reason for boomers finding it easier to get their foot on the property ladder is because they massively benefitted from post–World War II economic expansion.

The period from the end of the war to the early 1970s saw Gross Domestic Product in the U.S. increase from $228 billion in 1945 to nearly $1.7 trillion in 1975.

However, according to the Economic Policy Institute, the last four decades have seen the U.S. experience a "slow-motion wage crisis," with the average wage growth sharply decelerating.

Federal Reserve Economic Data states the median price of homes sold this year is $428,700, with property values increasing considerably between 2020 and 2022.

And with gas prices in the Unites States soaring, the poster argued the idea that saving on budget items like avocado and bread in order to purchase a home is farcical.

The original post, which was shared under the username Enoch_Powell1, read: "The fact that avocados with bread are seen as an extravagance shows just how bad young people have it.

"Since when did fruit and bread become a luxury? Something that stood in the way of buying a home? For boomers, the distractions from home ownership were buying the latest car to impress your high school friends, but now that bar has been lowered to eating fruit on bread?! Shows how downhill things have become."

Users were quick to share their views on the post, which has gained 15,400 votes and almost 1000 comments, with one writing: "If I have to pay 600k to live in some south shore suburb I'm going to cut my losses and enjoy my fruit."

Another wrote: "Because that $5.99 bag of avocados is what's standing in between me and that $530,000 starter home in my area."

"In California our avocados are $1 a piece and our houses are $1 million. If I cut out avocado I could afford a house in 300 years," said a third.

Another user commented: "I grew up with an avocado tree. Buckets and buckets every year. Too much to eat yourself so your neighbors get tons of free avocados too. Avocados are not what's keeping me from buying a house now."

Many users commented on the fact that rent can cost over $3,000 a month, while a bag of avocados often costs less than $5. Meanwhile, purchasing a starter home typically costs hundreds of thousands of dollars.

Users also shared their eye-wateringly high rent prices, which reached as much as $3,200 without bills for a two-bedroom apartment.

"Californian here, $2,800 for a two bedroom apartment without internet. Sounds fun, right?" said one.

Another shared: "Washington, D.C. Two bedroom apartment. $3200/month. Just rent."

"New England. Two bedroom apartment (three rooms total, the kitchen/living/dining room is one big room. we use one bedroom as our living room.) $1125 + $50 pet fee (2 cats). The only thing included is water," wrote a third.