utility costs

Spending on Cell Phone Service Increasing for Older Consumers

Posted on 04/9/2014 by | AARP Blog Author | Comments

Money & Savings | Public Policy InstituteCell 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 …

Temperatures Plunge While Heating Bills Soar

Posted on 02/26/2014 by | AARP Blog Author | Comments

Money & Savings | Public Policy InstituteThis winter millions of Americans reluctantly became acquainted with the term “polar vortex” and the substantial impact it will have on their home heating bills. The 2013-14 winter has been notable for the repeated onslaught of bitterly cold Arctic air masses bringing waves of below-normal temperatures to the country’s Midwest, South and East. The Energy Information Administration (EIA) estimates that through January the average number of heating degree days has been 12 percent higher compared to the previous winter. Not surprisingly, …

Higher Heating Bills Ahead for Many Older Households

Posted on 11/8/2013 by | AARP Blog Author | Comments

Money & Savings | Public Policy InstituteSpectacular 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 …