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Report: Average American Loses $5,000 Each Year From Splitting Check

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Newlywed Couple Looks So Deeply In Debt

CHICAGO—Saying that you could tell by the way they stared into each other’s eyes, friends and family of newlywed couple Patrick and Heather Vaughn told reporters Friday that the bride and groom look so deeply in debt.

Report: Gap Wider Than Ever Between Ultra-Rich And Reality

PHILADELPHIA—A report released Wednesday by economists at the University of Pennsylvania confirmed that the already massive gap between the world’s ultra-rich and reality is now at historic levels and only continues growing wider each year.

30-Year-Old Factors In Birthday Money

MEDFORD, OR—While calculating his budget Wednesday, Ben Hollis, a 30-year-old man, carefully factored in the birthday money he’ll receive next month as a way to offset a number of expenses, sources confirmed.
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Report: Average American Loses $5,000 Each Year From Splitting Check

WASHINGTON—According to a recent Pew Research Center analysis of household finances, the average American loses roughly $5,000 in wealth per year from splitting checks. “When taking into account the most common check-splitting scenarios, from dividing up restaurant bills after a dinner, to sharing bar tabs following a night of drinking, we found that most Americans experience a net loss of between $3,500 and $7,000 in a typical year,” lead researcher Steven Brannard said of his team’s findings, which noted that the average American loses $2,000 alone when attempting to pool the correct amount of money from friends to pay and tip pizza delivery drivers. “Every time a person asks, ‘Can someone spot me? I’ll get you back later,’ or puts in a twenty and declares, ‘I think that’s good,’ it costs the rest of the table hundreds of dollars in out-of-pocket expenses. Compounded over an entire year, these losses have a significant negative impact on Americans’ net worth and standard of living.” In contrast to the vast majority of citizens, the study noted that about 5 percent of the population made $95,000 a year from splitting checks.

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