All articles tagged with #household bills
The New York State Public Service Commission approved a rate increase for National Grid, leading to a 10% rise in bills next month and an overall increase of about $600 annually for the average household in Upstate New York within three years.
The doxo 2025 Cost of Bills Index reveals California as the most expensive U.S. state for household bills, averaging $2,854 monthly, while West Virginia is the least expensive at $1,149, highlighting significant regional disparities in living costs across the country.
A new Pew report reveals that young Americans aged 18-34 are struggling to achieve complete financial independence, with nearly half receiving financial help from their parents, particularly to cover household expenses and housing costs. Despite being more likely to be employed full-time and better educated than previous generations, they face modest wage increases, significant student loan debts, and higher housing costs. This financial pressure is also impacting their ability to start families. Additionally, the report highlights that some parents, especially those with lower incomes, are also facing financial challenges as they support their adult children.
The typical annual energy bill for households in England, Wales, and Scotland is expected to increase to £1,928 from January. However, the actual amount paid will vary depending on factors such as energy usage, location, and payment method. Customers in certain areas may pay more or less than the average, and those using prepayment meters or paying by cash, cheque, or bank transfer will likely pay more than direct debit customers.
A new report by Doxo reveals that three Houston-area counties - Fort Bend, Waller, and Galveston - are among the top 10 most expensive counties in Texas to live in. Fort Bend County ranks third, with an average monthly bill of $2,648, which is $7,215 more per year than the national average. The report compares the average monthly payments for 10 common household bills and highlights the significant difference between the local and national averages.
UK inflation remained at 10.1% in March, above expectations, due to soaring food and energy bills. The Bank of England faces a tough task as core inflation remains unchanged at 5.7%, and workers across various sectors have launched mass strike action amid disputes over pay and conditions. The government aims to drive down inflation with cost-of-living support worth an average of £3,300 per household over this year and last, funded through windfall taxes on energy profits. The Bank of England hiked interest rates by 25 basis points to 4.25% last month, and traders are pricing a 72% probability of a further quarter-point hike at the Monetary Policy Committee's meeting on May 11.