Paying utilities bills, including ones for electricity, is a responsibility that many Americans face each month. residents in some states faced heftier monthly bills than others, according to LendingTree.
Paying utilities bills, including ones for electricity, is a responsibility that many Americans face – and some have difficulty covering – each month. Nationwide, the amount of money that Americans had to pay for electricity in August averaged $185.59, according to a recently-released report from LendingTree. However, it found residents in some states faced heftier monthly bills than others. The five most-expensive states clocked average monthly electricity bills whose costs ranged from 21.
4% of Americans experienced an inability to cover their entire energy bill or portions of it in the last year, based on Census Bureau Household Pulse Survey data. The share who felt that creeped up 1.4 percentage points year-over-year, it said. "Even though inflation has moderated in recent months, life is still crazy-expensive, and that can make it hard to pay your bills," LendingTree chief credit analyst Matt Schulz said in the report.
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