National News

Energy Policies and Potential Impacts on Household Budgets

     While spending on energy since 2009 fell 10% to 15% across every income bracket, Americans’ non-energy spending on housing, vehicles, maintenance and insurance rose the fastest among those who could least afford increases. Real housing expenditures (excluding energy) by the lowest 40% of U.S. households by income increased about 10% between 2009 and 2019 – roughly three times the rate among wealthy households. Over the same period, real household spending on vehicles, insurance and public transit rose 35% among the lowest 20% of households by income, more than twice the rate of wealthier households. […]