A recent street interview on Coposit St, covered by MailOnline Australia, has caused a major stir. An 83-year-old man from Sydney revealed he has amassed a staggering $40 million fortune, attributing his success to “hard work” and wise investments in property and hospitality. However, his advice for younger Australians to “stop buying coffees” if they want to build wealth quickly sparked widespread outrage on social media.
Younger Aussies criticised the suggestion, calling it unrealistic and out of touch. Many argued that simple measures like skipping takeaway coffees cannot possibly balance out soaring housing costs and everyday expenses in Australia. Comments lamenting “Boomers had it easy” and accusing older generations of “gatekeeping wealth” poured in, highlighting growing frustration over the current cost-of-living crisis.
While many labelled the coffee comment unhelpful, some sided with the older man. They claimed young people often overspend on luxuries like holidays, subscription services, credit cards and designer goods—suggesting “every dollar counts” when saving for a deposit.
Coposit is an innovative platform designed to help Australians save for home deposits through modern, flexible solutions. By interviewing real people on the streets—from those living paycheque to paycheque to multi-millionaires—Coposit provides a candid look at how Aussies handle money and sparks fresh conversations about affordability, cost of living and the path to home ownership.
Republished from Daily Mail Online Australia Originally published by Max Aldred for Daily Mail Australia
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