Consumers to ditch cafes for coffee at home amid rising prices, says ICO

If you're on a budget, then definitely stay away from the fancy coffee places, (unless you can claim it as a business expense). Young people spending 8.000 yen or more a month on cafes can become millionaires by retirement age if they put that stream of money into an S&P500 index fund in a tax-protected account.

Most people I’ve talked to don’t go to cafes to drink coffee anyway. They go there to meet & chat with friends, to study, to work, to get some me time, or to just kill time.

Enjoying a decent cup of coffee is way down the list.

can become millionaires by retirement age if they put that stream of money into an S&P500 index fund in a tax-protected account.

Yes, but just in case, people are still alive when they reach their retirement age.

If I look around the world, and see what is going on, I am not sure if the world we know still exists in 30~40 years.

So better enjoy your life now as long as it possible, and don't safe any single penny for a retirement which you probably will not reach, or which you would probably reach at the age of 80.

And with the age of 80, you have probably not the same possibilities to enjoy your life in the same way you can do now.

To save money for retirement is a good thing, but In a moderate way. Because you should not forget that you are living now.

It’s been a long time since I’ve hung out in a coffee shop.No need to waste money on overpriced calorie high concoctions when a basic coffee is basically 100 yen everywhere.

I ditched coffee shops years ago to brew my own. Once I got married there was no time to hang out at a coffee shop.

Now it is very easy to get a very nice cup at home (or the workplace) by spending a lot less of money and time to do it. Even some of the canned coffee are now quite good, if your main objective is the drink there is no longer any need to go to a cafe to enjoy it.

basic coffee is basically 100 yen everywhere.

obviously not a coffee connoisseur.

¥100 !? you get what you pay for

@monty

"....and don't save any single penny for a retirement which you probably will not reach, or which you would probably reach at the age of 80."

That ain't correct. If you are generally healthy (no diabetes, congenital heart condition, etc.), there's about an 80% percent chance you'll make to 65 or beyond. And if you brew your own coffee or pay 130 yen for the lattes at combinis instead of having a daily cafe habit and investing wisely, you'll be able to retire at 65 and spend those years doing whatever you want to do: playing tennis/golf, travelling the world, living in an upscale neighborhood, rather than living in poverty or engaged in forced labor until death. I think the trade-off is worth it.

Invest in one of the better Nespreso Machines that froth/heat the milk for you too. Delicous coffee at home, Save yourself a fortune. Love coffee.. But not the muck they turn out in the chains and convenience stores here. Segafredo is the only chain I'll buy outside from. I miss the old fashioned Coffee Kissaten, where the coffee was great, big doorsteps of Butter Toast, you could take your newspaper and smoke your cigarette for hours totally undisturbed.

We prefer filter coffee. We usually only drink coffee for breakfast and iced coffee with a shot of whiskey in the evening. We rarely visit a coffee shop.

Jeff Lee, you have missed Monty's very astute comment about the world as we know it not being here 35 to 40 years from now. Do you not know anything about climate change? We may not have any coffee beans by then, either.

I bought a DeLonghi espresso machine a couple of years ago with the luxury of being able to write it off as a business expense, and do the same with the beans I get from the roaster. Great stuff and saves a truckload of money compared to expensive cafe coffee. That said, I still drop into the local cafes to work sometimes for a change of scene.

International coffee supply has not been able to meet demand at a time when inventories are low, said Vanusia Nogueira, attributing the lower global harvest in the 2021/22 coffee year to the effects of climate change.

Will there even be coffee to drink at home?

> Now it is very easy to get a very nice cup at home (or the workplace) by spending a lot less of money and time to do it. Even some of the canned coffee are now quite good, if your main objective is the drink there is no longer any need to go to a cafe to enjoy it.

That's what the article says. No need to rehash it.

When you go to a cafe is because you want to chill somewhere other than your home. People may reduce the times they visit a cafe but won't switch to drinking coffee at home just because of the prices.

That's what the article says. No need to rehash it.

That is not the case as you would have known if you actually read the article, as it clearly says "people are going to lower the quality of what they drink and change where they drink it," there is absolutely no need to lower the quality of their coffee now with machines and ingredients perfectly at the reach of common people to have a cup of coffee as good as in a cafe.

If you want to follow people around to contradict their comments you should at least make the effort to read the article so your comment is not so easily disproved.

Will be fine. Climate change just means will grow coffee beans in Greenland. Looking forward to drinking a freshly roasted Eric the Red brew.

theResidentToday  08:54 am JST

Invest in one of the better Nespreso Machines that froth/heat the milk for you too. Delicous coffee at home, Save yourself a fortune. Love coffee.. But not the muck they turn out in the chains and convenience stores here. Segafredo is the only chain I'll buy outside from. I miss the old fashioned Coffee Kissaten, where the coffee was great, big doorsteps of Butter Toast, you could take your newspaper and smoke your cigarette for hours totally undisturbed.

Those capsule machines produce a lot of plastic garbage as they're not recyclable as Nestle claim. Not surprising as Nestle are one of the worst corps out there. Child labor in Africa is used for Nespresso coffee. This is also the company that wants to own and privatize potable water. Personally I stay away from Nestle products.

You can buy the coffee at a convenience store and drink it there too. If that makes you feel good. Or just go to the park. I cannot see myself paying for 5.00 plus for a sugar fix.

Consumers to ditch cafes for coffee at home amid rising prices, says ICO

Aren't people dining in more anyway, and not just for coffee?

Time to short-sell Starbucks then ?

Never really saw the attraction in mainstream Coffee shops, they're just productionized Coffee places, without any thought to where the Coffee comes from, what it tastes like, when to use one Coffee over another, and what is best eaten with it - if anything. Not surprising since, the Staff are, generally, Students, not professionals, paid minimum wages, etc... so you get what you pay for. Its simply their Advertising that drives people to look hip/cool... but in reality, the Coffee they're buying just sucks.