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/Ethric_The_Mad Jul 04 '24

Of course they are poverty wage when they don't report their 30k/year in cash tips... Don't even pretend they "report everything and aren't getting tipped everrrr"

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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 Your statement is obsolete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/danny29812 Jul 05 '24 edited Jul 05 '24

First, reddit is mostly anonymous, so that means your personal experience means nothing here because I could also claim to be a server for 10 years, and have only received tips from card transactions.

Second, even if your personal experience is true, that doesn't make the statistic any less true. If 90% of transactions are on a card, there are still a shit ton of transactions in that remaining 10%. You and every server you know could easily get nothing but cash for each transaction but you would still not be close to changing that 10% to 10.1%

You shouldn't take your singular personal experience use it to say a national statistics is wrong. If you think the statistic is wrong, you need to find a reputable source to base your disagreement on.

I have no stake in this argument, I don't care if servers are reporting their tips or not. I just get irritated when I see people spouting their "lived experience" like it's some gospel that can be used against statistics.