PHILADELPHIA (CBS) – A new survey reveals Americans aren’t doing a very good job of saving their income.
The Bankrate survey says that roughly half of all Americans save five-percent or less of their incomes.READ MORE: Toll Hike Takes Effect Sunday On 8 Delaware River Crossings, Gas Prices Also Going Up
That includes the 18-percent who say they aren’t saving anything.READ MORE: 10-Year-Old Boy Recovering After Grazed By Bullet In North Philadelphia: Police
Bankrate’s chief financial analyst says you should try to save 15-percent of your income for retirement savings, emergency funds and other factors.
The survey reveals only about one in seven people currently saves more than 15-percent, and fewer than one in four are saving more than 10-percent.MORE NEWS: Tolls Increasing Sunday On 8 Delaware River Crossings Connecting Pennsylvania, New Jersey
Interestingly, middle class Americans are the best at saving their money — even better than those with the highest incomes.