Benchmark Financial Design

Presents Mi Smart Moment

bbowhuis@ mibenchmark.com
cbowhuis@ mibenchmark.com
2358 S. Garden Ct,
Jenison, MI 49428
 
616.667.8834
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Greetings!,


Are you a good tipper? Let me ask that another way, do you feel you tip more than most people?


Since COVID it feels to me that tipping has gone from a way to say thank you for your service to an expected add-on for someone just doing their job. Don't get me wrong, I know for many people receiving tips is an important part of their income (and in many places their base wage reflects the receipt of tips).


Michigan has a minimum cash wage for wait staff of $5.49/hour and a minimum combined tip wage of $13.73/hour. You can see for this occupation why tipping can be an essential part of a living wage. You can see the nationwide wages for tipped staff HERE.


The average tip percentage nationally is 15.46%, falling within the long-standing 15% to 20% cultural norm, according to a report by Fox News. Tipping seems to be higher in South Carolina with Wisconsin at 19.15%, Connecticut at 18.43%, Maryland at 18.40% and Nevada at 16.88%.


At the bottom, Oregon ranks as the least generous state at 13.10% — followed by Virginia at 13.58%, New York at 13.72%, Alaska at 14.11% and Illinois at 14.37%. Keep in mind however, in some states there is a higher minimum wage and this should be taken into consideration.


At what point do you run into "tip fatigue"? Do you tip your mechanic? How about your electrician or plumber? Just to make sure they do not take any revenge, I tip my barber 25%.


If you want to read more about tipping or look at rates by state, please feel free to click below:

TIPPING BY STATE


As always, thanks for reading.



Bernie & Chad


Smart Moments: 3/6/26

RARE AIR - Despite air travel increasing by nearly 50% over the past 25 years, the U.S. has not opened a single new major commercial airport during that time. Over the same period, the country did complete two new commercial nuclear reactors, highlighting how large-scale infrastructure timelines can diverge sharply across sectors. Construction Physics, May 20, 2025

NEEDING BABIES - China’s collapsing birthrate is now impossible to ignore. Kindergarten enrollment has dropped 25% in four years, forcing tens of thousands of preschools to close nationwide. - The Financial Times, July 24, 2025


"Do they allow tipping on the boat? - Yes, sir. Have you got two fives? - Oh, yes, sir. Then you won't need the ten cents I was going to give you."

  • Groucho Marx
Investment Advisor Representative of and Securities offered through Founders Financial Securities, LLC. Member FINRA, SIPC and Registered Investment Advisor.