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Everyone's Talkin' Money

The Starbucks Effect on Your Money

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6631 Ratings

🗓️ 27 April 2017

⏱️ 17 minutes

🧾️ Download transcript

Summary

It’s simple advice: cut out Starbucks and you’ll hit your money goals. Well, that’s not always true…but I argue there is a Starbucks effect on your money. A recent article by ValuePenguin was published that details the price of a Starbucks cup of coffee around the world. Interesting, the United States has the lowest cup […] Read more... See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey, I'm Shawna Compton Game.

0:01.4

This is Millennium Money, and today we're talking the Starbucks effect on your money.

0:24.8

Millennial Money with Shawna Compton game.

0:28.8

It will expand your brain.

0:36.3

All right.

0:41.2

So, you know, it's simple advice, right? You cut out Starbucks and you'll hit your money goals. That it's just that simple, right? Well, I argue that's not always true, but there is, I think,

0:49.0

a Starbucks effect on your money. And what really inspired me to do this podcast was a recent article I found by

0:58.0

Value Penguin, where it talked about Starbucks coffee from the most and least expensive.

1:05.3

They looked at how indulgent is Starbucks beyond our borders. And they took prices for the drink in 39 other countries

1:12.7

and then adjusted them to reflect the cost of other goods and services compared to the United

1:19.7

States. And what is fascinating is the result to reveal that Starbucks is actually

1:24.2

pricier, relatively speaking, in every country outside of the United States,

1:29.5

but how much priceier actually varies quite a lot. And I'm going to include a link to this article

1:36.4

in the show notes because I think it's really fascinating to go over and check out. You know,

1:42.0

they have this great graph where it talks about where the latte

1:45.3

takes the biggest bite. And in the United States, again, we're kind of the most, the cheapest

1:54.2

priced for Starbucks coffee. The most expensive actually was in Russia where it's about

2:00.5

$12.32 for a cup of Starbucks coffee.

2:05.3

That is really expensive.

2:07.5

Just behind them is Indonesia, Vietnam, Thailand, India, Egypt, Malaysia, China, Saudi Arabia, Poland, all of these really interesting places.

2:20.6

The UK was about $2.88 and Australia was a little bit more at $4.10.

2:29.6

So I think really interesting. They estimate again the United States is about $2.75 for a cup of coffee.

...

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