Posted 2/22/2024, 2:00:11 PM
Higher Bills, Stagnant Pay: Many Americans Struggle with Rising Utility and Car Costs
- 30% of Americans are paying $201 - $300 per month on utility bills while 19% pay $301 - $500 on car payments
- Inflation and stagnant wages have caused prices to rise faster than incomes
- More people working from home has increased residential energy consumption
- Not investing in energy-efficient appliances or doing an energy audit leads to higher bills
- Surging car prices and loan interest rates have driven up monthly payments, especially for younger buyers