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News To Know: High Energy Prices Turning Up The Heat On Older Americans

Posted By Dave Goldstein On August 27, 2008 @ 11:15 am In Money Talk | No Comments

With the inflation raising the cost of nearly everything, the economy still stuck in the cellar, and high energy costs sticking around, Americans are really feeling the pinch. A new AARP survey [1] gives a clearer picture of some of the ways older Americans are struggling to cope. More than half of the survey respondents making less than $50,000 a year said paying utility bills this year is harder than it was last year. 75% of people interviewed said their heating and cooling expenses were up from last year and just under 80% believe the trend will continue. Among people’s biggest gripes, just 17% of respondents believe that politicians have done enough to address rising energy costs. Have your heating and cooling costs been on the rise?


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[1] new AARP survey: http://www.forbes.com/feeds/ap/2008/08/26/ap5360915.html

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