Business

Survey: Coffee fix costs $1,000 a year

(MoneyWatch) By now we can all recite the “latte” factor by heart: Skip that $4.00 Starbucks drink and save $20 a week or $1,000 a year and be closer to retiring a millionaire!

For the last decade finance reporters (including me) have drawn up the math, and while the numbers are quite compelling, we’ve largely stuck to our daily java fix. According to a new survey by Accounting Principals, more than half of American workers buy coffee regularly while at work and spend an average $1,000 a year on their cravings. Young adults (aged 18 to 34) do so more than older workers (aged 45 and up) and men spend more on coffee than women.

Full story: Survey: Coffee fix costs $1,000 a year