12/30/2022

Three Ways to Save Money in 2023

The rising cost of living is impacting the majority of Americans

Given the inflationary hellscape of 2022, it comes as no surprise that saving money is one of the most popular New Year's resolutions among Americans heading into 2023.

Americans have seen their buying power shrink this year as the cost of everyday items such as gas, travel, groceries and housing has skyrocketed. Despite ongoing efforts from the Fed to tame it, inflation has continued to climb month after month throughout 2022, with prices peaking in the summer before declining gradually into November.

Nearly 60 percent of respondents in a survey from tech market research firm Numerator said they plan on saving more money next year. Respondents said they are prioritizing saving because they're worried about how inflation and a possible recession could impact their wallet.

Please select this link to read the complete article from CBS News.