With inflation high, some Americans have stopped tipping for these services

article

FILE-A man selects a tip while using a hand held credit card scanner at a restaurant. (Photo by Lindsey Nicholson/UCG/Universal Images Group via Getty Images)

Rising inflation has some Americans changing their approach when it comes to tipping.

Lending Tree released a new survey polling over 2,000 consumers ages 18 to 79 about the impact inflation has on their spending, including grocery spending habits, eating out, and tipping. 

Americans’ stance on tipping changes amid inflation 

By the numbers:

The survey shows that 55% of consumers say inflation has impacted their approach to tipping. 

Approximately 29% of Americans say they are tipping less on meals when eating out, while 20% say they’re not tipping for takeout or delivery. About 9% said they are tipping more than normal, while 45% of respondents explain that inflation has not affected their tipping habits. 

According to the survey, tipping was higher among certain groups like Gen Zers and parents of young kids. Approximately 15% said they’re tipping more than usual, followed by 12% of millennials About 6% of Gen Xers and baby boomers say they’re tipping more postinflation. 

Moreover, about 14% of parents who have kids under 18 years old say they are tipping more, compared to 6% of parents with adult children and 8% of individuals without kids.

How can I manage my money with high inflation?

Big picture view:

There are a few ways to save money amid soaring prices caused by inflation. Lending Tree noted in the survey that some credit cards with rewards give you cash back or points for using them on groceries and restaurant bills, reducing a small percentage of your total bill each time. 

Consumers can also save money by buying in bulk, with consumers saving 27% on average when they purchase their items in higher quantities. And you can also establish a budget to help manage your finances.