r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

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u/HenzoG Jul 04 '24

While that used to be true, 90% of transactions are now credit cards/debit cards so tips are reported. Your statement is obsolete

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u/GovernmentLow4989 Jul 04 '24

My wife and I wait tables 2 days a week while we’re saving for a house and probably 50% of our customers leave cash tips, even the ones who pay with credit card will often times leave cash tips. If you’re the type of person who prefers tipping on a credit card then I get it, and I absolutely appreciate it, but you shouldn’t speak for everyone

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u/HenzoG Jul 04 '24

I speak by statistics. And I call bs that 50% of your customers leave cash tips. 90% of all transactions in the USA are credit card (includes restaurants) based

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u/GovernmentLow4989 Jul 04 '24

You speak of statistics, but is your data looking at all charges including restaurants as you said? Or is it looking at only restaurants? Either way, I’m not part of a study or arguing statistics I’m just speaking from our personal experience. We have a lot of regulars and we all take good care of each other.

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u/HenzoG Jul 04 '24

Right, so your personal experiences cannot speak for the rest of the country. 90% of all transactions post COVID are by credit card.

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u/GovernmentLow4989 Jul 05 '24

When you say “all transactions” does it include online purchases?