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However, there are some discrepancies when the data is broken down by age.
Heres a look at whichmiddle-income households are struggling, and which are thriving.
But for boomers, discretionary spending growth was greater than their growth in overall spending.
Build toward your goal amount through small, consistent and manageable saving.
An emergency fund acts as a financial safety net and insulates you from lifes unpredictability, Hines Droesch said.
Its meant to cover unexpected expenses, like a surprise medical procedure, family emergency or costly car repairs.
Prioritizing your savings gives you the flexibility to afford unanticipated costs without compromising the responsibilities of your daily life.
She recommended starting small by contributing a few dollars toward a separate, dedicated savings account each week.
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