Listen Now: Tipping
The younger generation might be hot on avocado toast and fancy coffee but when it comes to shelling out for service, they just aren’t paying up.
According to a study by CreditCards.com, 10% of millennials don’t tip at all when dining out. And the ones who do tip tend to leave an average of fifteen percent. But before you start thinking how cheap those kids are, keep in mind that millennials are between the ages of eighteen and thirty-seven. This means a lot of them have well-paying jobs and can afford to leave a little something.
People aged thirty-eight and above are far more generous, usually leaving between eighteen and twenty percent. An analyst with credit cards dot com says results are interesting because the typical restaurant worker is a millennial so they are really just hurting themselves.
But it’s not just millennials coming up short. The study also found that men, parents with young children and the less educated also tip less. So here’s my tip to you? Tip based on service, especially if you plan on coming back.
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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