Hey kids! You’re spending too much money on avocado on toast. Pic Tim Marsden

The KPMG partner and demographer said that young Australians should spend less on breakfast and instead save for a home deposit.

In the column Salt bemoans the “evils of the hipster cafe”.

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

“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? Shouldn’t they be economising by eating at home? How often are they eating out? Twenty-two dollars several times a week could go towards a deposit on a house”.

The “young people” that Salt is talking about took umbrage at these comments, taking to social media to express their disapproval.

Sydney comedian, renter and millennial James Colley told the ABC his generation felt a sense of futility about saving for home, and if they could not afford a deposit, they might as well enjoy life’s smaller pleasures.

“The numbers don’t add up, so I feel like people get smaller indulgences almost to break free of that,” he said.

DO THE MATHS

So let’s push emotion aside and break it down with good ol’ mathematics.

This is a $1.1 million apartment for sale in Bondi (the heartland of smashed avocado on toast). If you consider that you’d want a 20 per cent deposit, that works out to be a cool $220,000.

The kitchen table, where you’d make your own avocado on toast because you’re so poor from paying the deposit. Picture: realestate.com.auSource:Supplied

SMASHED AVO

Bernard Salt informs us that smashed avo on toast costs $22 a serve ... so you’d have to sacrifice 10,000 serves to save your deposit. If you didn’t eat them every day, it would only take 27 years. So you could move in just as you’re preparing to die, pretty much.

SOY LATTES

Your soy latte may have to go too. Picture by Scott FletcherSource:News Corp Australia

If you want to do the maths around another millennial favourite, the soy latte, at $4 each you could give up 55,000 of them and that would only take 150 years to scrape the funds together.

MESSINA GELATO

Are you spending all your spare money on Gelato Messina?Source:Supplied

Then there is the summer essential, a single scoop of Gelato Messina: At $5 a scoop, you could bypass 44,000 of them, which would take a measly 120 years to gather the deposit.

CHARDY

Last but not least, the humble bottle of chardy.

Another expense that young people have trouble forgoing. iStock imageSource:istock

If you decided to forgo a $15 bottle of chardonnay a day it would only take you 14,000 days to save for the deposit — or 40 years.

ADD IT UP

If you want to really knuckle down and save and sacrifice ALL of these treats every day (poor thing), you’d save $46 per day and you could save for your deposit in 13 years. Not bad ... Although house prices will totally have gone up by then.