Today, the author of our Energy Costs study, Eugene Trisko, will testify before Congress that family incomes are not keeping pace with rising energy costs.
His study shows that America’s working class and those on fixed and lower incomes are suffering from increases in energy costs the most. Trisko’s testimony also details 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. And for many families, high energy costs are now competing with other basic necessities such as food and health care.
We will be updating @AmericasPower on Twitter throughout the day with highlights from the hearing, so make it a point to follow us for up-to-the-minute information.