Electricity bills force 1 in 5 Americans to cut back on food, Consumer Reports finds
A Consumer Reports survey finds 20% of Americans, or one in five, are cutting back on groceries to pay their electricity bills. This comes after the US experienced its hottest summer ever, leading to soaring power bills. Many households, particularly those on fixed incomes, are feeling the strain of rising electricity costs.
Listen to Live Briefing
Real-time synthesized voice briefing · Live Feeds Desk
- ✓ 1 in 5 Americans are cutting back on groceries to pay their electricity bills
- ✓ The US experienced its hottest summer ever, leading to soaring power bills
- ✓ Households on fixed incomes are particularly vulnerable to rising electricity costs
What changed
The release of the Consumer Reports survey provides new data on the impact of rising electricity bills on household finances.
Live updates
-
1 in 5 Americans cut groceries to pay electricity bills
A Consumer Reports survey finds 20% of Americans, or one in five, are cutting back on groceries to pay their electricity bills. This comes after the US experienced its hottest summer ever, leading to soaring power bills. Many households, particularly those on fixed incomes, are feeling the strain of rising electricity costs.
Why it matters
The surge in electricity bills is adding to household financial strain, with many Americans facing difficult trade-offs between essential expenses. The issue is gaining attention as the country grapples with the ongoing energy crisis and its impact on household finances. The Consumer Reports survey provides new evidence of the challenges faced by households in managing their energy costs.
What is confirmed
- 1 in 5 Americans are cutting back on groceries to pay their electricity bills
- The US experienced its hottest summer ever, leading to soaring power bills
- Households on fixed incomes are particularly vulnerable to rising electricity costs
What to watch next
- Further data on the impact of rising electricity costs on household finances
- Government responses to address the energy crisis and support households
- Utility company actions to mitigate the effects of high electricity bills
confidence 95%Sources used for this update (13)
- The New York Times — After the Hottest Summer Ever, the Bill Comes Due
- Newser — As US' Hottest Summer Cools, Many Face Staggering Power Bills
- WRAL — Why is your power bill so high? What to check and where to find help
- CBS News — Electricity bills force 1 in 5 Americans to cut back on food, Consumer Reports finds
- Yahoo Finance — Electricity bills force 1 in 5 Americans to cut grocery costs
- seekingalpha.com — Weekly Commentary: Need To Talk
- www.briefs.co — Healey's Balancing Act: Calm the Bond Market, Keep Labour Onside
- www.briefs.co — AI's data center buildout is minting jobs for electricians, welders, and HVAC techs
- www.cbsnews.com — Electricity bills force 1 in 5 Americans to cut back on food ...
- www.consumerreports.org — Rising Electricity Bills Are Straining Household Finances ...
- www.yahoo.com — One-fifth of Americans cutting groceries to pay high electric ...
- www.latintimes.com — 1 in 5 Americans Is Cutting Groceries to Pay the Power Bill ...
Community Sentiment: How do you assess this situation?
Voice your perspective · Real-time aggregated sentiment from the Live Feeds community