Many Americans spend more on coffee or on a gift than investing

Last year, three Americans spent more on coffee than on investment – according to the Acorns financial application. According to the survey – that involved 3,000 adults aged 18-44 – 44 percent spend more on festive gifts, while 37 percent travel on investment – origo wrote.

“It’s not that if people do not know they have to invest, they just do not often think about it at the moment of the purchase. It is very easy in our culture to be addictive on spending. We almost automatically buy coffee and certainly without thinking what it would mean if we’d rather invest” – Noah Kerner CEO of Acorns said. (origo.hu)