WARN YOUR FAMILY: “In America, People Should Be Preparing!” current events world news 2022
As the worst energy crisis in modern times unfolds across the United States. Tens of millions of Americans are now experiencing energy poverty. Stress supplies at a growing deman amid this summer’s blistering temperatures are leading to the highest prices in a generation. While real wages tumbled 3.6% over the past year, electricity prices have shot up 16%, squeezing consumers. Unfortunately, things are about to get even worse for countless families in the nation. With the U.S. facing a looming crisis of utility shutoffs. As a record breaking number of households fall behind on their power bill payments.
And a series of shutdowns are said to occur, As energy costs eat a larger share of business profits and consumer spending dramatically shrinks.
There are currently 20 million households behind on their power bills in the United States as searching electricity prices trigger what is said to be the worst crisis ever in late utility payments. Citing data from the national energy assistance directors Association.
That means about one in six American homes are late on their energy bills at a time scorching hot temperatures are impacting about 50% of the 48 lower states. Electricity prices have jumped significantly since 2020 after almost a decade of stagnation. The sharp increases resulted in billions of dollars in overdue power bills.
At the moment electricity inflation is being fueled by the skyrocketing costs of fossil fuels, such as natural gas, coal and petroleum. Natural gas is responsible for powering up nearly 40% of the U.S. electric grid. On Tuesday, natural gas prices soar to the highest level since 2008. Since June 2020 natural gas is up for staggering 525%.
This is, WARN YOUR FAMILY: “In America, People Should Be Preparing!”
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