Workers are saving less after inflation. Here’s how to save more money.

When living costs started soaring last summer as a reaction to a mismatch between supply and demand, many people thought rampant inflation would be fairly short-lived. Fast forward a year, and clearly, that hasn’t been the case.

Inflation has been wreaking havoc on consumers since the start of 2022, and for some, the impact has been worse than others. Many Americans, for example, have been forced to rack up unhealthy debt just to do things like keep the lights on and put food on the table. But even those in a more comfortable position have had to make sacrifices, like cutting leisure spending and canceling vacations.

In a recent report by Morgan Stanley, 62% of workers said they’re saving less money due to the impact of inflation. And it’s easy to see why. But if you’d rather stick to your savings goals, there could be a solution that doesn’t involve you slashing expenses to an extreme degree.