Ride-Hailing Services
Ride-hailing services like Uber or Lyft might offer big savings over the traditional taxi, but it’s still a cost that can really add up. Respondents over age 65 spent an average of $22.11 a week on ride-booking services or taxis — the most of any age group in the survey — for a total of $1,149.68 a year. If you use carpools with friends and public transit to eliminate half of your ride-hailing costs, it can make a big dent in your spending. Not to mention, the health benefits of regular walking are well-documented, particularly for older Americans.
Savings Subtotal: $574.84