Young Americans Lead Online Bill Revolution

While paying bills online has become more and more common, only a minority of Americans receive all of their household bills online, according to NACHA: The Electronic Payments Association. Those aged 18-24 (45%) are the most likely to have all of their bills sent electronically, followed by 42% of 25-34 year olds, 32% of 35-44 year olds, 25% of 45-54 year olds, and 21% of those aged 55 and older.

Mobile phone and student loan bills are the most common received electronically (49% each), while utility bills are among the least (32% for gas and electric and 24% for water).

A third of Americans (32%) are in favor of companies automatically ceasing to send paper bills once they have viewed or payed a bill online, while 29% are neutral on the matter, and 39% are against it. [Finance, Online]

Source: “PayItGreen Survey,” NACHA: The Electronic Payments Association, Colleen Morrison, 13450 Sunrise Valley Dr., #100, Herndon, VA 20171; 703-622-9159; cmorrison@nacha.org; www.nacha.org.

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