Americans have already felt the effects of the rising costs of gas at the pump as gas prices soared to record highs earlier this year.
The effect was felt throughout the economy as the price of food and essential household goods rose alongside the price of gas.
‘Bidenflation’ as many of Biden’s critics call it, has sent many working-class Americans to food banks for the first time as they are unable to keep up with soaring inflation.
The rising cost of essential goods is worsened by shortages of household items across the country.
Earlier this year, the United States experienced a baby formula shortage that wracked millions of families.
Now, tens of millions of US households may be without electricity as the rising cost of natural gas leaves them unable to afford their electric bills.
Currently, a shocking 20 million households are behind on their utility bills, reportedly the most on record.
Biden should be proud that he has set yet another record in less than two years as President.
The Daily Mail Reports–
The United States is facing a looming crisis of utility shutoffs, with a record number of households falling behind on their power bills, industry observers and experts say.
About 20 million US households, or one out of six homes, are behind on their utility bills, the most on record, according to the National Energy Assistance Directors Association (Neada).
‘I expect a tsunami of shutoffs,’ Jean Su, a senior attorney at the non-profit Center for Biological Diversity, which tracks the power industry, told Bloomberg this week.
Electricity prices have soared due to rising costs for natural gas, which has skyrocketed following Russia’s invasion of Ukraine in late February.
At the same time, inflation is sending the prices of groceries and everyday necessities soaring, and many households have had to make tough choices about whether to pay utility bills or put food on the table.
Millions of Americans could face utility cutoffs in the coming month, with households now owing $16 billion in late energy bills, double the pre-pandemic total, according to Neada.