How to survive inflation and save money for a car, home and other big purchases

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It hasn’t been an easy couple of months for savers.  

At the height of the pandemic in April 2020, Americans’ personal savings rate – the portion of monthly income that households are socking away – hit a record 33.8%. Now that rate hovers around 6.4%, which is below pre-pandemic levels, according to data from the Bureau of Economic Analysis. 

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