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Featured Advisor



Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management

City:Northbrook

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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Take a Tip from the Affluent on Who Gets a Gratuity (and How Much)

Affluent investors cite frugality as one of the key contributors to obtaining wealth, but that doesn’t mean they are not generous when it comes to tipping.

| BY Donald Liebenson

Affluent investors cite frugality as one of the key contributors to obtaining wealth, but that doesn’t mean they are not generous when it comes to tipping, according to a new survey conducted by Spectrem’s Millionaire Corner.

Tipping is generally expected in the case of restaurant waiters, hotel bellhops, food delivery people and the like. But from country to country and city to city, it can get confusing on who should receive a tip (and how much they should receive).

We asked Affluent investors which service employees they typically tip. The highest percentage (57 percent) said hotel maids, followed by a waiter at a buffet restaurant (53 percent).

The next service employee branch most likely to receive largesse by Affluent customers is the rental car shuttle driver (36 percent)

Nearly three-in-ten Affluent guests (27 percent) said they typically tip a hotel concierge. A near equal percentage said they will tip the employees who work a carryout restaurant counter.

Nearly one-fourth (23 percent) said they tip furniture or appliance delivery people (Sorry, landlords or flight attendants—less than three percent of Affluent investors are likely to give you a tip).

Not just who to tip, but how much to tip is a subject rife with controversy and debate. Take a tip from Affluent investors. Among respondents overall, a majority (51 percent) said they tip hotel maids up to $5, while over one-third (37 percent) will leave between $5 and $10.

Buffet restaurant waiters, too are most likely to get between $1 and $5, say 64 percent of Affluent respondents, while 31 percent report they generally leave between $5 and $10. Near equal percentages of Affluent diners and travelers say they will tip these amounts to carryout restaurant counter people and rental car shuttle drivers.

Hotel concierges tend to be tipped higher, our survey found. Nearly half of Affluent guests (47 percent) tip their concierge between $5 and $10, while 39 percent report tipping them between $1 and $10.

Furniture or appliance delivery people also tend to receive more generous tips. Almost half of Affluent customers (47 percent) will tip between $10 and $25, while 43 percent will offer between $5 and $10.

While landlords do not tend to receive tips from their Affluent tenants, when they do, they are considerable. More than three-fourths (78 percent) said they typically tip at least $25.



About the Author


Donald Liebenson

dliebenson@millionairecorner.com

Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.