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Transcript

According to a new Bank Rate survey, people are saving money in record numbers.

Twenty-eight percent of employed Americans who were surveyed say they are saving more now than

last year.

Older millennial’s age is 28-37 are saving the most for retirement.

Thirty-nine percent of them say they’re making saving money a priority.

Bank Rate recommends saving at least 10 percent of your income for retirement.

But if you’re struggling to save money, finance experts say there are ways to overcome those

income-related challenges.

Number one: live a more modest life.

This means re-examining your living expenses and how you can lower your bills.

Number two: get a side hustle.

If your primary job doesn’t pay enough for you to save, it’s time to get a second gig.

Number three: ask for a raise.

If your wages have not gone up in several years, then you should ask for more money.