Heat Raises Utility Bills To $719
Researchers have started measuring the effect of heat on people’s personal financial lives. The most obvious is the cost of utilities. According to NBC News, the average price of keeping a home cool in America from June 6 until September is $719. In 2021, that cost was $573.
NBC points out that the prices in the Midwest are closer to $600 and closer to $900 in Texas and Oklahoma. Utility prices vary from state to state depending, to some extent, on regulators.
One of the challenges of the extreme heat is that the poor can sometimes not afford the rising electricity bills. Thus, they do not have heat, which can cause various health problems.
Government Help
As is often the case, some government programs can provide financial relief for those who cannot afford utilities, but these operations are fragmented nationwide.
Climatecrisis247 believes this figure will increase as the heat rises most summers, as is expected due to global warming. It will become part of the inflation many Americans believe is undermining their spending power.
Inflation is among the major concerns Americans have about their daily lives. High interest rates on major purchases, including cars and homes, exacerbate it. The problem just got worse.
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