$900 Million and Counting

Have you ever been hit with sticker shock when you open your utility bill? This winter, many Americans faced skyrocketing energy costs, with bills doubling and tripling in just a month. Meanwhile, some seniors on fixed incomes still have to make tough choices between paying their utility bill or buying other necessities like food and medication. That’s why AARP is fighting, in states across the country, for fair and reasonable utility rates. We’re off to a strong start in 2014, …

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 …

Temperatures Plunge While Heating Bills Soar

This 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

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 …