MINNEAPOLIS (WCCO) — A new survey reveals many Americans aren’t doing a good job when it comes to saving their income.
According to Bankrate.com, roughly half of all Americans save 5 percent or less of their incomes.READ MORE: 2 Arrested After Shooters Open Fire Into Brooklyn Park Home
Bankrate’s chief financial analyst says you should try and save 15 percent for retirement savings, emergencies and other factors.READ MORE: Judge In Chauvin Trial To Release Names Of Jurors On Nov. 1
Only about one in seven people currently save more than 15 percent.MORE NEWS: 'Emotions Are Going To Flow': Carli Lloyd To Play Final U.S. National Team Match In St. Paul
Nearly 20 percent are not saving one dime.