New analysis shows more US consumers are falling behind on their utility bills
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New analysis shows more US consumers are falling behind on their utility bills
"There's a lot of information out there about rising utility costs, but here we can actually look at what that impact has been on families in terms of how they're falling behind," Margetta Morgan said."
""We have it almost at the sweet spot and prices are coming down on different things," Trump said at the event, adding that inflation has been "normalized" at a "low level.""
Past due balances to utility companies rose 9.7% annually to $789 between the April–June periods of 2024 and 2025. Monthly energy bills increased about 12% during the same period. Consumers typically prioritize utilities alongside mortgages and auto debt, so rising utility delinquencies may indicate broader bill repayment stress. The Century Foundation and Protect Borrowers reported the data. Expansion of AI data centers could increase electricity demand and further pressure household energy costs. High living costs have created political pressure for President Donald Trump, who said prices are easing and inflation has been "normalized" at a "low level."
Read at ABC7 Los Angeles
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