All articles tagged with #household budget
Rising gas prices are squeezing Americans’ budgets, prompting many to cut meals, groceries, and nonessential travel as they try to save at the pump; CNN profiles people from a New York suburb and delivery drivers who see earnings shrink, while experts warn spillover could lift food costs even if oil prices ease slightly after regional conflicts.
NEADA projects the average winter heating cost nationwide near $995, with electric-heated homes topping $1,000. A massive upcoming winter storm could drive bills higher for over 200 million people, while about 16% of households were behind on utility payments last year (roughly $23 billion). Arrears could reach around $28 billion in 2026 as energy costs and inflation press household finances. Utilities are offering relief programs, but many families may still struggle to heat their homes this winter.