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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
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
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.