Americans brace for high cooling costs

Americans are experiencing a significant rise in cooling costs this summer, as the National Association of Energy Assistance Program Managers expects the average electricity bills to increase by 10.5%, reaching $792 from June to September, amid ongoing above-normal temperatures. Many families are facing increasing financial pressures due to rising inflation, which surpassed 4% in May, along with higher fuel and food prices, making cooling expenses an additional burden on their budgets. Summer power outages remain limited to some states, which heightens the risks for low- and middle-income households—especially as demand for assistance programs grows and their ability to keep pace with rising costs diminishes.

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