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OP-ED: Energy Policies and Potential Impacts on Household Budgets

Higher costs for housing, vehicles and energy could ultimately require making sacrifices in the American way of life. Energy policies that could raise these costs should be discussed clearly and in the context of what is affordable to American households. (Photo: iStockphoto / NNPA)NNPA NEWSWIRE — 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.

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