A Snapshot of 2010 Utility Expenditures by Older Consumers
A Snapshot of 2010 Utility Expenditures by Older Consumers
Key findings: Spending on utilities comprised a larger percentage of overall expenditures for consumers age 50+ than for younger consumers. Expenditures were highest for the 65+ age group.
In 2010, utility expenditures as a percentage of average annual expenditures by older consumers increased from 2009, while expenditures by consumers under the age of 50 remained flat. As income levels declined, expenditures on electric utilities became a larger portion of overall utility expenditures for consumers aged 50+.
The South had the highest overall utility expenditures as a percentage of annual expenditures for all age groups, while the West had the lowest. Expenditures on utilities composed a larger percentage of overall expenditures for consumers aged 50+ living alone. Utility expenditures as a percentage of overall expenditures were highest for those aged 65+ and living alone.
Black consumers of all ages reporting the highest level of utility expenditures, followed by Hispanic consumers.
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An Analysis of 2010 Utility Expenditures by Older Consumers
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(PDF, 12 Pages) (PDF, 6 Pages) An Analysis of 2010 Utility Expenditures by Older Consumers by PPI’s Neal Walters identifies trends in consumer spending on utilities and shows how these expenditures vary among consumers by age, income, household size, geographic location, and ethnicity. This analysis is based on the latest available data (2010) from the Consumer Expenditure Survey.Key findings: Spending on utilities comprised a larger percentage of overall expenditures for consumers age 50+ than for younger consumers. Expenditures were highest for the 65+ age group.
In 2010, utility expenditures as a percentage of average annual expenditures by older consumers increased from 2009, while expenditures by consumers under the age of 50 remained flat. As income levels declined, expenditures on electric utilities became a larger portion of overall utility expenditures for consumers aged 50+.
The South had the highest overall utility expenditures as a percentage of annual expenditures for all age groups, while the West had the lowest. Expenditures on utilities composed a larger percentage of overall expenditures for consumers aged 50+ living alone. Utility expenditures as a percentage of overall expenditures were highest for those aged 65+ and living alone.
Black consumers of all ages reporting the highest level of utility expenditures, followed by Hispanic consumers.
Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures