Spending on Cell Phone Service Increasing for Older Consumers

Cell phones have become ubiquitous-90 percent of adult Americans now own one-and that has impacted overall spending patterns for telephone service. Analysis of the latest federal Consumer Expenditure Survey finds that spending on cell phone service by consumers aged 50+ is continuing to increase while spending on traditional residential landline service is decreasing. Spending by consumers aged 50+ on telephone service grew in 2012, even as overall spending for utilities fell. A PPI analysis of expenditures on utilities by consumers …

High Utility Expenditures a Concern for Older Consumers

Overall utility expenditures declined from 2011 to 2012, but older consumers remain at risk. A recently released AARP Public Policy Institute analysis of 2012 Consumer Expenditure Survey data finds that utility expenditures as a percentage of average annual expenditures are highest for consumers age 50 or older. The report also notes that as household income decreases, utility expenditures become a greater percentage of average annual expenditures for all age groups. Utility spending by older consumers varies by not only age and …

Higher Heating Bills Ahead for Many Older Households

Spectacular fall foliage and cooler nights mean many folks are digging out jackets and sweaters from their closets as well as firing up their home heating systems. While temperatures will provide relief from the high electricity bills from the summer cooling season, rising costs for winter heating may make the respite from high utility bills a brief one. >> Sign up for the AARP Money newsletter An AARP Public Policy Institute analysis projects that during the coming winter heating season …

The Long Hot Summer

The arrival of summer brings warmer temperatures and more hours of daylight. While some folks are happy to pack away their sweaters and say goodbye to high utility bills resulting from winter heating season, the arrival of summer cooling season heralds a spike in electric bills for others. Expenditures on electricity constitute the largest portion of utility expenditures for older consumers and the cost of running air conditioning in summer is a major contributing factor. Because exposure to extreme temperatures …

Study: Older People to See Lower Rates Under Health Law

By Julie Appleby, Senior Correspondent, Kaiser Health News How the federal health law will affect premiums is among the most asked – and most controversial – questions in the final months before new rules kick in requiring most Americans to carry coverage. A white paper out Wednesday considers how the law will affect premiums for people who buy their own coverage because they don’t get it through their jobs. The answer?  It all depends, said the analysts at the Kaiser …