Over 20 million American households can no longer afford to pay their utility bills on time
The U.S. consumer price index rose 8.5% in July from a year ago — down from a 40-year high of 9.1% in June. But hot inflation continues to hit consumers hard. According to the National Energy Assistance Directors Association, roughly 20 million households in the U.S. — one out of six homes — are behind on their utility bills.
The consequences could be dire. “I expect a tsunami of shutoffs,” Jean Su, a senior attorney at the Center for Biological Diversity, tells Bloomberg.
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