Electricity bills force 1 in 5 to cut back on food, survey finds
Summary
A survey found that about 20% of Americans are buying less food to pay their rising electricity bills. Many people are also lowering heating or air conditioning to save money. Electricity prices have jumped about 14% in three years, hurting many families' budgets.Key Facts
- Around 1 in 5 Americans cut back on groceries to afford electricity bills.
- Nearly 25% of people reduce heating or cooling to uncomfortable levels to save money.
- About 80% of long-term residents report higher electricity bills over the past three years.
- Electricity prices in U.S. cities rose 14% in the last three years.
- Rising energy costs add to the financial strain from higher fuel prices linked to the war in Iran.
- Many people blame electricity companies and the growth of data centers for higher costs.
- Public trust is low in government and utility regulators to protect consumer interests.
- More middle-income families are seeking government energy help despite income limits.
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