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Economy

“‘I expect a tsunami of shutoffs’: 20 million American households are behind an average of $788 on their utility bills…”

“…According to the National Energy Assistance Directors Association (NEADA), roughly 20 million households in the U.S. — one out of six homes — are behind on their utility bills.

As of August, these families owe about $16.1 billion in total, with an average amount owed of $788 — and the consequences of this could be dire, especially as home heat costs are expected to reach their highest level in over 10 years.

“I expect a tsunami of shutoffs,” Jean Su, a senior attorney at the Center for Biological Diversity, told Bloomberg…”

https://finance.yahoo.com/news/expect-tsunami-shutoffs-20-million-173000860.html

This is not good. Not good at all.

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