The Daily Money: Are we reaching a 'tipping' point? How businesses get you to tip more
Happy Wednesday, Daily Money readers. It’s Bailey Schulz here to bring you the day’s top headlines.
You’ve probably noticed an uptick in tipping requests. The shift in tipping culture comes after more than two years of high inflation, as businesses look for ways to pass on expenses. If workers earn bigger tips, then businesses may not have to pay higher wages.
But experts warn that tipping prompts from stores could lead to overtipping.
“Historically, tips were designed for services well performed," said Rob Burnette, chief executive and investment adviser at financial planning firm Outlook Financial Center in Troy, Ohio. "But it’s morphed into an expectation by servers not just to tip, but tip generously or they’ll call you out.”
Shopping on Thanksgiving? Not at these malls.
Simon Properties, one of the largest mall operators in the United States, has decided to close most of its properties on Thanksgiving Day for the fourth consecutive year.
The decision continues a trend that has seen not only malls but also major retailers including Best Buy, J.C. Penney, Kohl's, and Walmart.
Simon, the owner of popular malls including Desert Hills Premium Outlets, Mall of Georgia, The Shops At Crystals, said all of the stores will reopen on Black Friday.
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🍔 Today's Menu 🍔
Tomorrow is National Fried Chicken Sandwich Day, which means fast-food chains will be offering a variety of offers and freebies to celebrate.
Paste BN has rounded up the best deals found on Thursday, including:
- A free Royal Crispy Chicken Sandwich at Burger King with orders of $5 or more.
- A free chicken sandwich at Popeyes with the purchase of any chicken sandwich combo.
- Buy-one-get-one-free chicken sandwiches at Wingstop.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from Paste BN. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.