Three in five Americans say their income has not kept up with increases in daily costs due to inflation, financial experts at Bankrate said.
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Even though the majority of Americans received pay raises, those increases have usually been less than 5%.
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To keep up with the hike in prices, try negotiating other benefits with your employer. A raise isn't the only way. You can ask for 401k contributions, better health insurance or more vacation time.
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To save on high-priced items, try joining loyalty programs from the stores you visit often and stack up rewards through apps.
You can also pay with credit cards that give you cash back.