News To Know: Unexpected Consequences (Category: General AARP)
|
July 9, 2008 |
9:17 AM
After months of watching the price of oil set and then break record price levels, we all are well aware of how much we're paying at the pump. However, you might not even realize some of the additional troubles that can arise from high fuel prices. For starters, it looks like the price of electricity could spike nearly ten percent. In addition, many services that older Americans rely on such as home health care and home-delivered meals are being cut back in a response to the high gas prices. Just a few more things to take into account when planning for the future.
Tags: electricity, gas prices, services
Comments
Mark says:
Even though older people are not the only ones being hit hard because of high gas prices, they certainly are at risk for it having a major impact on their financial situation. Take my parents for example, they don't have any financial surplus to speak of and live in a rural area. The extra gas money it takes to visit the doctor, go to therapy or just run to the grocery store is a problem for them. MetLife Mature Market Institute conducted a study citing almost 25% of all households have one person in them that provide care for an older person. That figure represents a lot of friends and family that will think twice about running somewhere in the car. This 'oil crisis' is bad news for those that are dependent on in-home care or assistance from others.
07/18/08 12:04 AM