More than half of Americans surveyed by Ameriprise say they are saving up to an average of $185 per month by cutting back on eating out, entertainment and clothing, says Suzanna de Baca, Ameriprise VP of Wealth Strategies. Ameriprise surveyed Baby Boomers, Gen Xers and Millennials and found that people are making conscious efforts to spend less and save more. However, the survey also uncovered that most Americans don't plan to cut back in areas that can make the biggest impact on their savings.
More from Video
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.
Takeda Pharmaceutical CEO Talks Big Pharma Trends
One of pharma's biggest CEO's talks M&A action on the exchange.
Real Money Video Wrap: Citi Surges as View of Stability Saves Sentiment
Citi overcame a mixed print to send its stock surging on Monday.
Real Money Video Wrap: Apple Rallies as Services Segment Takes Center Stage
There is a lot of Apple news to chew on Wednesday.
Are Algos Jumping on J&J Headlines?
Are machines jumping on Johnson & Johnson's human risk headlines?
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.