Electric Bills by Income
Electric bills are around four percent of expenditures for low-income households versus around two percent for high-income households
Today we continue to mine the mother lode, the Labor Department’s Consumer Expenditure Survey. In extraordinary detail, it reports what households spent last year for everything.
Let’s look at electric bills by income. There are fascinating implications for utility regulation and policy.
As we wrote last week, a household’s electric service averaged $4.00 daily. Or 2.6 percent of all consumer expenditures.