
Gen Z Doesn't Want to Start a Bar Tab
Mr. Korinke, 26, ordered a martini for himself and a vodka Red Bull for his friend Mr. Marks, 25. As he fished a Visa credit card out of his green leather wallet, the bartender yelled out a question over the music: 'Do you want to start a tab?' Mr. Korinke shook his head no and swiftly closed out.
The pair might order more drinks later on, but the prospect of opening a tab was verboten. 'Why leave a credit card with the bar? I don't know if I'm going to be here that long, so I don't want to leave a tab open,' Mr. Korinke said, joking that he had 'commitment issues.'
His ethos reflects a growing phenomenon among Gen Z bargoers: an aversion to opening bar tabs. Much to the dismay of bartenders, many 20-somethings prefer to close out and pay after every drink, no matter how many beverages they end up ordering.
The reasons for this are myriad. For a generation that consumes less alcohol than older drinkers, opening tabs can seem exorbitant. They have become accustomed to one-and-done transactions — usually with a simple tap of their phones — and consider purchasing drinks at a bar to be no different from, say, buying a coffee at a cafe. They can feel anxious about losing track of their spending by leaving their credit cards behind the bar.
Want all of The Times? Subscribe.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
A Dave Ramsey Follower Pushes Back On His 15-Year Mortgage Rule. With Today's Housing Prices, He Says It's Just Not Reasonable
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A longtime Dave Ramsey follower is questioning one of the personal finance personality's golden rules: the 15-year fixed mortgage. 'I know Dave is for 15-year fixed rate mortgages, but in this day in time I find that to be unreasonable with housing prices,' the original poster wrote in a Reddit thread recently. The poster, who lives in a small town in South Georgia, said homes are going for $250,000 or more, with even trailers pushing into the $200,000 range. On a $67,350 salary, he asked if it was more realistic to aim for 30% of take-home pay on a mortgage instead of Ramsey's recommended 25%. Don't Miss: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's , starting today. $100k+ in investable assets? – no cost, no obligation. That seemed to touch a nerve in some Redditors. 'The math is still the math,' one commenter responded. 'The rules he provides are to ensure that you waste the least amount of wealth-building potential on bank interest.' Others agreed that while the 25% rule is wise in theory, it doesn't always line up with reality in today's market. '25% is not a hard line but rather a guide,' one user shared. 'They just caution you the further you go above that line, the harder it becomes to reach your financial goals.' Many said they opted for 30-year loans but made extra principal payments to shorten the term. One wrote, 'I have a 30-year but add extra to the principal each month, which basically turns it into a 10-year.' Trending: It's no wonder Jeff Bezos holds over $250 million in art — Another said they refinanced from a 30-year to a 25-year, then to a 20-year, and are now on track to pay the house off in 13 years. "Not the optimal path, but it worked for us," they added. Some noted that financial flexibility is key. "I didn't really pay attention to the percentage of my income because I have a budget and knew what I could afford," one person commented. Plenty of Redditors expressed frustration with the idea that everyone can realistically follow Ramsey's guidelines. 'To get my payment under $1,000, I would need a down payment of $220,000, or 12 years of saving,' one person calculated. 'We are screwed in the new generation. I did what I was supposed to do... and yet I will be stuck renting my whole life with roommates.' Another said they make $68,000 a year in a lower-cost state and still couldn't find a house under $300,000. 'I have given up on ever affording a home and I am OK with my several roommates and renting.'Several people pushed back against the idea that renting is a waste. 'Rent equals the most you'll pay that year. Period. Something breaks, the landlord covers it,' one said. With a house, you're on the hook for everything—tax increases, repairs, insurance, closing costs. Despite the criticism, many commenters said Ramsey's overall philosophy of living below your means, avoiding debt, and planning for the future still holds up. 'You can do whatever you want,' one person wrote. 'But Dave's recommendations are based on decades of experience with thousands upon thousands of families.' But even some of Ramsey's loyalists admitted that times have changed. '$1,000 in 2025 doesn't cover a f***ing thing,' one said, referring to the starter emergency fund amount. "He got his bag in a different day and age." Read Next: Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O'Reilly and Rudy Giuliani are . This article A Dave Ramsey Follower Pushes Back On His 15-Year Mortgage Rule. With Today's Housing Prices, He Says It's Just Not Reasonable originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Forbes
27 minutes ago
- Forbes
Twenty One Pilots Fans Push The Band's Breakout Album Back To The Charts
Twenty One Pilots' Blurryface returns to six Billboard charts amid its tenth anniversary, reentering ... More the top 10 on Vinyl Albums and Top Alternative Albums lists. LOS ANGELES, CA - FEBRUARY 12: Musicians Josh Dun (L) and Tyler Joseph of Twenty One Pilots attend The 59th GRAMMY Awards at STAPLES Center on February 12, 2017 in Los Angeles, California. (Photo by) A decade ago, Twenty One Pilots evolved from alternative rock favorites into global pop stars thanks to the album Blurryface. The set produced massive hits like 'Stressed Out,' 'Ride,' and 'Heavydirtysoul,' and it turned the duo into household figures. 10 years later, Twenty One Pilots continue to create new music – in fact, a new full-length titled Breach is expected in just a few weeks. Before fans get their hands on the upcoming release, a reissued edition of Blurryface finds its way back to several Billboard charts. Blurryface Lands on Half a Dozen Billboard Charts Blurryface currently appears on six Billboard rankings in the United States, reentering all but one of them. The project jumps back into the top 10 on both the Vinyl Albums and Top Alternative Albums charts, reappearing at No. 7 on each. It also comes close to the highest tier on the Top Album Sales and Top Rock Albums rankings, returning at Nos. 13 and 12, respectively. On the Billboard 200, Blurryface lands at No. 64. The title is now just one frame shy of hitting 350 total weeks on the most competitive albums tally in America. Blurryface Climbs on the Rock and Alternative List Blurryface doesn't need to return to the Top Rock & Alternative Albums chart, as it was already present on that list the prior week. Just days ago, the effort sat in second-to-last place on the 50-spot tally, which ranks the most consumed rock and alternative collections in the country. Now, it surges back toward the loftiest tier, lifting to No. 14. An Anniversary Edition Twenty One Pilots recently issued a special tenth anniversary edition of Blurryface alongside new merchandise, including hats and shirts that honor the project. A red double LP edition is largely to thank for the album's increase in purchases and its chart resurgence. Blurryface's Sales Boost According to Luminate, Blurryface moved 14,200 equivalent units in the U.S. during the past tracking period. Nearly half of that total came from traditional sales, as the title sold just under 7,000 copies across all formats. That figure marks a huge jump from the week before the anniversary reissue shipped, when the project failed to reach even 500 purchases.
Yahoo
27 minutes ago
- Yahoo
I'm 26 and recently came into $50K. I've got a $27K car loan — should I pay that off or invest all the money?
A financial windfall in your 20s presents both a challenge and a powerful opportunity to build wealth early. Let's say you're 26, with no credit card debt, a $27,000 car loan at 8% interest, and minimal monthly expenses beyond rent and insurance. After taxes, you have $36,000 left over from the windfall to do what you want with. The decisions you make now could shape your financial future. So, what should you do with the money? I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Since you have $27,000 in car loan debt, paying off your $27,000 car loan might feel like the most obvious choice to make — especially since you have a fairly high interest rate at 8%. It makes good financial sense. Eliminating the debt would earn you an immediate 8% return on your money with zero risk. That's especially appealing since auto loan interest isn't tax-deductible. Let's say that you originally borrowed $32,000 on your car at 8% using a 48-month loan, and you have 40 months left to pay with a balance of $27,348.42. If you paid off your full balance next month, you'd save around $3,899.01 in interest. Getting the definite 8% ROI from avoiding auto loan interest is likely worthwhile. You could then redirect your former monthly car payment into savings or investments. Given how high the interest rate is on the auto loan, paying off the car loan might be the best decision, but you could choose to keep making payments on your vehicle and instead invest all $36,000 of the windfall. Alternatively, you could pay off the car loan, and then invest the remaining $8,651. Either way, putting at least part of the windfall into the market can help your money grow. Although the stock market isn't risk-free, you can generally expect around a 10% average annual return over the long term by investing in an S&P 500 index fund. Read more: Americans are 'revenge saving' to survive — but millions only get a measly 1% on their savings. Whether you choose to pay off the car or invest part of the money, there are other important financial considerations, too. For example: Retirement contributions: If you haven't maxed out your 401(k) or IRA for the year, consider using the windfall to boost your long-term savings. Emergency fund: Having three to six months of living expenses in a dedicated fund can protect you in case of a job loss or unexpected expense. Short-term savings goals: If you're planning to buy a home or make another big purchase in the near future, you may want to keep some of the money in a high-yield savings account.* It may also be worth speaking with a financial advisor to create a personalized strategy, especially when dealing with a large sum of money at a young age. With the right approach, a $50,000 windfall could be more than just a lucky break — it could be the foundation for a stronger financial future. This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk Here are the 6 levels of wealth for retirement-age Americans — are you near the top or bottom of the pyramid? Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Money doesn't have to be complicated — sign up for the free Moneywise newsletter for actionable finance tips and news you can use. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data