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.

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Bankrate’s chief financial analyst says you should try and save 15 percent for retirement savings, emergencies and other factors.

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Only about one in seven people currently save more than 15 percent.

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Nearly 20 percent are not saving one dime.