Salt of the ponzi triggers cafe rebellion

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From the ABC:

Brunch-loving millennials will now be able to have their cake — or indulgent breakfast food in this case — and eat it too, with cafes across Australia introducing discounts on smashed avocado to help them save for a house.

The sale comes in the wake of yesterday’s uproar over KPMG partner Bernard Salt’s weekend newspaper column, which suggested young Australians should be spending less on breakfast and instead be saving for a home deposit.

“I have seen young people order smashed avocado with crumbled feta on five-grain toasted bread at $22 a pop and more,” Salt wrote.

“I can afford to eat this for lunch because I am middle-aged and have raised my family. But how can young people afford to eat like this?”

Well, now they can, with several cafes this week offering new, home-saver-friendly prices.

At Little Big Sugar Salt in Melbourne’s Abbotsford, a new penny-saver version of smashed avocado on toast is now on the menu.

The dish, now named The Retirement Plan, loses the expensive goat’s curd and beetroot kraut offered on the more luxurious $17 version and offers simply avocado, Vegemite and tomato on toast for $10.

“Save $7 on our avocado take, put it towards the Retirement Plan.”

Other versions of the dish being offered within the trendy Melbourne cafe scene include The Baby Boomer, Avonomics and the Corn-tract of Sale, which includes a corn salsa.

In Sydney, similar dishes include the Home Saver’s Signature Avocado and The Millennial.

But it appears at least some have heeded Salt’s advice and have instead opted for a homemade smashed avocado this morning.

“DIY smashed avo at home this morning because we’re saving,” wrote Instgrammer louureadd.

Bloody hipsters. Don’t rename your toast. March on parliament.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.