CONNECT WITH US
Tech

Tech

Americans Say Rising Utility Costs Are Straining Their Budgets. They’re Blaming Data Centers

CNET - Tech logo

Published on

Add as a preferred source on Google
Americans Say Rising Utility Costs Are Straining Their Budgets. They’re Blaming Data Centers

1 in 5 households have cut back on groceries because of energy bills, according to a new Consumer Reports survey.

There’s a reason Americans have cited energy costs as one of the biggest issues on their minds during this year’s elections: A new survey by Consumer Reports found that, among Americans who’ve lived in the same home for more than three years, the vast majority are paying more for energy now than three years ago — and it’s affecting their budgets.

Three out of four surveyed families reported that the utility rate increases have resulted in strained household finances. Over a quarter of these US customers said their bills rose by 20 to 49%, while 6% of respondents reported rate hikes of over 50% in the past three years. Electricity rates have risen dramatically in recent years.

One in four families chose to adjust the thermostat to uncomfortable levels in the summer and winter. Other folks are choosing to cut back on non-essential spending, like eating out and traveling. In the most dire cases, Americans are choosing to slash grocery budgets. About 20% of people surveyed told Consumer Reports that they’re buying less food or are switching to less expensive options.

The two largest factors that ratepayers attributed their increased electricity bills to are utility company profits and AI infrastructure. As data centers continue to proliferate across the country, over 75% of people surveyed said they don’t trust their state lawmakers to protect them against rate increases.

Across the political spectrum , the vast majority of US voters oppose AI data center construction in their backyard.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.