For more than a third of American earners, paying monthly bills is a challenge. For some – nearly a fifth of American residents – that struggle can include choosing which essential commodity to go without during peak usage periods: Food, medications or the electricity to power and heat their homes.
According to a 2016 report put out by the nonprofit Groundswell, the bottom 20 percent of the country’s earners commit almost 10 percent of their monthly earnings to paying their power bill. That can be a substantial hit to the pocketbook for struggling families or retired couples that have other costs like school, transportation and added medical expenses to factor into the monthly take-home pay.
Rising power rates also cost poor communities more than middle- or upper-income earners, Groundswell points out, because they usually can’t afford the newer homes on the market that use less power and are better insulated.
Read more (Triple Pundit)