Tag

Bankratecom

All articles tagged with #bankratecom

business2 years ago

The Growing Discontent with Tipping in America

A new survey from Bankrate.com shows that 66% of U.S. adults have a negative view about tipping in general, with 41% believing that businesses should pay their employees better rather than relying on tips. Digital payment platforms that invite consumers to tip appear to be making people upset, as 32% of those surveyed said they were annoyed with pre-entered tip screens. Tip frequency overall has been dropping, with servers at sit-down restaurants saying their tips were down 8% compared to last year. Hair stylists and barbers were the hardest-hit category, as they said their tips had dropped by 13% this year compared to 2022.

business2 years ago

The Decline of Tipping in America: Bankrate Survey Reveals Trend.

A new survey from Bankrate.com finds that two-thirds of Americans have a negative view about tipping and are tipping less often and in smaller amounts. Tipping has steadily declined over the last several years, with only about two-thirds of sit-down restaurant goers always tipping the wait staff. Bankrate.com senior industry analyst Ted Rossman points to inflation as a big part of the reason, with money being tight for a lot of people. The survey also found differences between gender and age, with Gen Z'ers, millennials, and men being the worst tippers. 41% of people feel businesses should pay their employees better rather than relying so heavily on tips. Rossman suggests a 20% tip for something like a sit-down restaurant meal or getting a haircut, or taking a taxi or ride share.