(2 articles) Gen Z is rejecting everything they've been taught about tipping. It could be the start of a big shift | I'm 49, have $1.2 million in savings and just lost my job - can I trust the retirement calculators telling me it's OK to retire?

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You Might Like � � � You Might Like � � � � � � � � � Don't like ads? Go ad-free with TradeBriefs Premium Gen Z is rejecting everything they've been taught about tipping. It could be the start of a big shift    Just because inflation is finally cooling doesn’t mean Americans have financially recovered. Last summer, it hit a 40-year high, coinciding with Gen Z entering the workforce and generally curbing their spending. With economists debating whether inflation will be “sticky,” another habit is sticking around, according to a recent Bankrate survey: The 26-and-under crowd are the stingiest tippers. Just 35% of Gen Zers told Bankrate they always tip their server at a sit-down restaurant. At the other end of the spectrum, 83% of baby boomers said they always tip. Boomers were more generous tippers than Gen Zers across the board, Bankrate found, including when it comes to food delivery workers and taxi or Uber drivers. Every year, fewer and fewer people drop their change into the tip jar—much less tip 20% after a meal. Just under two-thirds (65%) of U.S. adults always tip their server when they go out to eat at sit-down restaurants (the activity that they pay tips for most commonly). But even that is winnowing away, Bankrate found. Last year, just shy of three-quarters (73%) of diners said they always tip. A year earlier, that was 75%, and it was 77% in 2019. Continued here I'm 49, have $1.2 million in savings and just lost my job - can I trust the retirement calculators telling me it's OK to retire?    I have $1.2 million in savings and am almost 49 years old. For the first time ever, I lost my job. I am searching, but am concerned about my prospects and my disability being aggravated even more. I am also burnt out with my profession. Many retirement calculators report that I am insufficiently prepared to retire (semi) now, but others show it is very doable. My expenses are a little under $5,000 per month with 20% of that budgeted for travel which, of course, could be saved and not spent. How do I know to what degree I can trust some of these models, generally, and especially with such large variances in outcome potentials? I am single and have, and can, only count on myself. See: I'm 50 and divorced with no kids. I have an MBA but am afraid I'll still be working when I'm 70. Continued here

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