ABA Banking Journal featured Plinqit’s latest State of Savings Report.

While many Americans say inflation is eating away at their budgets, more than nine in 10 people are saving money for something this year, according to a new survey by financial technology provider Plinqit. Respondents said they were setting aside money this year for emergency funds (43%), travel (43%), and to pay down or pay off debt (42%). More than one in three respondents (35%) were saving for retirement. Respondents continued to save money even as three in four said inflation was outpacing their incomes.

Check out the full article published on bankingjournal.aba.com