Electric bills 1.37% of consumer expenditures
Just before Christmas, the Commerce Department reported that electric bills were 1.37% of consumer expenditures in the US in November 2015. What's the importance of this statistic?
To put it into perspective, in only ten other months in history was electricity a lower percent of consumer expenditures. The Commerce Department has collected the data for 683 months now, for all of the period of January 1959 (when Dwight Eisenhower was President) through November 2015.