Australians’ tipping habits are not keeping pace with higher menu prices, new research shows, as household costs soar and diners grapple with pandemic-era hospitality charges.
A report by Lightspeed Commerce, using payments platform data, found that the average tip amount dropped in August to 8.1% of a total bill.
This is the lowest amount in four years recorded by the point-of-sale and software company, and the first time it has dropped below 9% since early 2021.
So? We don’t tip in Australia. We have overtime, holiday leave loading (literally paid more to go on holiday), superannuation, etc. We don’t need, nor want tipping. This isn’t a country that pays adults $12 an hour, and has no benefits.
Is superannuation like a pension?
It is a pension yes. It’s over 10% and rising to 15% in the coming years.
If it weren’t for the spiders, maybe I’d consider moving there 🫣
Is government mandated saving for retirement. Most Superannuation funds are good but some if the big ones were there purely as a political lobbying bodies.
Fortunately for everyone, legislation was introduced that allowed employees to choose their own superannuation funds.
The ones that didn’t perform (and only survived due to kickbacks to Payroll Managers) were forced to change their portfolios to ones that actually produced dividends for their members or close up shop.
They became Real Estate investors that sprucked “SeLf-MaNaGeD SuPeR fUnDs” where they could con people out of their Super to fund rental properties.