Rising energy costs impact fixed incomes
More than half of US households will spend an average 20 percent of their family budget on energy, nearly double what they spent 13 years ago, Gates writes. In North Carolina, the 2.1 million households earning less than $50,000 annually spend 23 percent of their income on energy.
In the current economy, many Americans are on tight budgets and can’t afford to spend more on energy. Our recent study finds that more than half of U.S. households will spend an average 20 percent of their family budget on energy, nearly double what they spent 13 years ago.Skip to next paragraph
National Communications Director, American Coalition for Clean Coal Electricity (ACCCE)
Steve Gates, as ACCCE’s national communications director, helps direct the industry’s national media campaigns and digital communications efforts. He has more than 15 years of media relations experience in a variety of settings including Capitol Hill press secretary, as well as directing media and outreach programs for international trade associations, the Fortune 200 and federal government programs.
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Last year we spoke with the people of Red Springs, North Carolina to find out how rising energy costs would impact their daily lives. In North Carolina, the 2.1 million households earning less than $50,000 annually spend 23 percent of their income on energy. To the people of Red Springs, any increase in electricity prices would make a huge difference to their already tight family budgets.
With heavy handed EPA regulations coming, American families are going to be paying higher electricity prices. Hasty regulations will slow the recovery of our economy, hurt hardworking families and put thousands of jobs at risk.
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