“It’s Time to Cut Insurance Costs”

Consumer cooperative insurance companies have begun slashing premiums and fees for consumers who rely on them to pay for out-of-pocket medical expenses, according to a new report from the advocacy group Consumer Federation of America.The report is the latest indication that the industry is making progress on an issue that has long been a thorn …

Calculation of consumer surplus for 2016

The United States has an estimated $1 trillion consumer surplus.That’s up from $800 billion last year.That surplus is based on a consumer survey of nearly 100,000 consumers, including consumers of non-perishable food items, services, and durable goods.That survey found that consumers have less disposable income, have more savings, and spend more on goods and services …