Summer Heat May Boost American Electric Bills by 4%

Americans can expect a 3.7% increase in average summer electricity bills due to hotter weather and rising natural gas prices, with the highest increases in New England. Meanwhile, consumer spending is tightening amid trade policy uncertainties, potentially shrinking the economy by up to $92 billion annually. Additionally, mobile wallets are rapidly expanding globally, driven by local preferences and trusted substitutes, with significant adoption across all generations.