Americans are increasingly being presented with requests for a tip - with prompts spilling out from bars and restaurants and into stores, take-out chains and even self-service machines. So-called 'tipflation' has been in part sparked by the mass-adoption of iPad checkout screens which offer customers the chance to add gratuity. Such systems boomed in popularity during the pandemic when retailers stopped accepting cash due to fears notes could spread Covid-19.
Even millionaires are afraid they'll outlive their savings - as experts weigh in on how much is REALLY enough to retire on
A third of millionaires fear they could outlive their retirement savings, according to a new survey. Millionaires on average thought they would need $3 million to retire comfortably, according to the latest findings from financial services company Northwestern Mutual. And of those millionaires - people with more than $1 million in investable assets - 33 percent were afraid of running out of money in later life and 47 percent said they needed to improve their financial planning.
Majority of Americans are concerned about bank branch closures - which are hitting poorer households hardest - as firms like Wells Fargo, PNC and U.S. Bank abandon more than 1,000 locations this year alone
An exclusive survey has found that 51 percent of Americans are concerned about the impact of dwindling outlets, which disproportionately affect poorer households. According to the analysis by research agency Opinium, 10 percent of Americans with a household income less than $50,000 said they do not have a local bank branch. Growing numbers of people are being left without access to basic financial services, as big-name banks have axed more than 1,000 branches already this year. Data from S&P Global Market Intelligence shows a total of 1,144 national and regional banks were closed between January 1 and July 31 across 49 states - with firms pulling out of some areas at a faster rate than others.
Is $1 million REALLY enough to retire on? Number of 401(K) millionaires is rising - but experts say retirees need even more for a comfortable lifestyle
A $1 million pot may have once been considered the benchmark of a comfortable retirement. But amid rampant inflation and rising interest rates, is it really enough to see a saver through their twilight years? The number of Americans with the seven-figure sum in their 401(K)s shot up by 25 percent this year, according to analysis by Fidelity. Assuming somebody retires at 65 - and has a life expectancy of 90 - this would give them just $40,000 a year to live on. Yet figures from the Bureau of Labor Statistics suggest the average US citizen aged 65 and older actually spends $52,141 per year. Certified financial planner Marissa Reale told DailyMail.com: '$40,000 a year is not going to be enough for most people to live on. 'I always advise my clients to keep some of the money invested in equities too. So it's not like you will have the full figure in cash. 'If you really want the money to last, most people will need more than $1million.'
'Our Tesla insurance is DOUBLE what we pay for our gas car!' Married couple shocked to discover high cost of covering electric vehicles - so why DO insurers penalize eco-drivers?
Brent Shreve and his wife bought electric and gas-powered cars for around the same price but found that the EV cost twice as much to insure. DailyMail.com analyzed data from insurance comparison site The Zebra and found that in various scenarios the approximate cost of insuring an electric car was more than the gas alternative.
Here's how the United Auto Workers strike will affect YOU if you're trying to buy a car - and which vehicles are impacted
The United Auto Workers union launched a strike on Friday, shutting down factories affecting Detroit's three largest automakers and rocking the American car market. The stoppage has seen almost 13,000 workers, around 10 percent of the union's membership, walk off - causing GM, Ford and Stellantis production lines to grind to a halt.
Why are Americans snapping up Scotland's most expensive homes? Number of US buyers has quadrupled since 2019 - with wealthy Americans lured in by castles, historic townhouses and famed golf courses
According to British real estate firm Savills, US buyers now represent 4 percent of total transactions in the country - four times more than the 1 percent quota they held in 2019. Agents in the UK are reporting an uptick in interest from buyers across the pond - particularly for luxury properties at the top of the market. According to experts, the demand in buyers picked up after the pound plunged last year to its weakest level on record, putting it on near parity with the US dollar.
Should unmarried couples ever buy a house together? Record numbers are getting on the property ladder BEFORE tying the knot, but experts warn it could be a mistake
Figures from the National Association of Realtors (NAR) show that 18 percent of first-time buyers last year were unmarried couples, up from 4 percent in 1985. Lexi Taub and her partner Erik (pictured left) took the decision to buy a home in Upstate New York before getting married. She told DailyMail.com: ''It made sense for us to buy first, we were paying so much money in rent otherwise. I have heard of a bunch of people doing the same thing. I think people feel less tied to the traditional ideas of marriage.' The average cost of a wedding has sky-rocketed to $30,000, according to The Knot , while nationwide housing affordability is worse than it was in 2006.
Is a 'SURPRISE recession' on its way? Veteran technical analyst warns Wall Street has become too complacent about the US economy - and predicts more banks could fail like SVB
Wall Street has become too complacent over the risk of a recession, a veteran technical analyst has warned as he predicted the S&P 500 could plunge to lows not seen since the pandemic. Milton Berg, who has worked in the financial services since 1978, said the collapse of Silicon Valley Bank (SVB) earlier this year was 'just the tip of the iceberg' and speculated more firms could fail. His comments come after Goldman Sachs economists slashed the chances of America entering a recession in the next 12 months from 20 to 15 percent. The bank said it had 'confidence' the Federal Reserve 's policy to tame inflation by hiking interest rates from near-zero to a 22-year high.
Average American household now has $10,170 of credit card debt - here are the states where arrears are highest
American households now have an average of $10,170 credit card debt, as record numbers say they are worried about being cut off from access to loans. Data from the New York Federal Reserve shows nationwide credit card debt swelled by $43 billion in the second quarter of the year - the second largest increase on record. Meanwhile a separate survey by the Fed revealed 60 percent of respondents found it more difficult to access credit - the highest level since the data series began in June 2013. But some states are faring much worse than others as households in Hawaii have the highest debt currently, according to fresh analysis by WalletHub . Families in the Aloha state have $10,637 in credit card loans on average.
How much money would it take to make YOU happy? The price of happiness in each US city revealed - and how it compares to the rest of the world
Santa Barbara, California , is the city with the highest cost of happiness in the US, with residents there needing a salary of $162,721 to feel content, a survey has revealed. Happiness is most affordable in Knoxville, Tennessee , where people claim to need an income of just $88,032 - some 85 percent lower. Research from foreign exchange provider S Money claims to have found the optimum sum of money that citizens in America - and in 173 countries worldwide - need each year to be happy. It found that Iran is the most expensive country to be happy - with residents requiring a salary of $239,700 - while those living in Sierra Leone only need an income of $8,658 to feel satisfied.
The US airlines with the highest junk fees revealed: How hidden charges add 736 PERCENT onto your base fare
Spirit Airlines has the highest hidden fees of any US airline - making the flight 736 percent more expensive, a new study has revealed. The budget airline adds an average of $161.12 on top of an airfare of just $21.89, according to analysis by discount code website NetVoucherCodes, the highest of any airline in the world. Volaris, a Mexican low-cost airline, has the second highest hidden fees, according to the study. The hidden costs are 626 percent of the original airfare, asking customers to pay $82.20 on top of a $13.13 flight. It comes after the Government pledged to crack down on hidden 'junk' fees in February, which the White House estimates cost Americans around $65 billion every year. Customers are routinely promised a headline sum, only to find the true cost is much more expensive once they taken into account the price of baggage, seat selection and insurance - which often costs more than the flight itself.
The true cost of influencer culture: Americans spent $71 BILLION on social media impulse buys last year - with over half regretting their purchases
Americans spent $71 billion in the last year on impulse buys inspired by what they saw on social media, a new survey reveals. Some 39 percent of Americans said they made such impulse purchases in the last year. Of those, 57 percent of those people say they went on to regret least one of their purchases, according to a new Bankrate survey. The urge to make rash online purchases was much more prevalent among millennials and Gen Zers - around 60 percent of both groups said they make purchases based on what they see on social media.