FBN Exclusive: Nearly 1 in 4 Americans compromise on food, medicine to pay energy bill

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Many Americans are struggling to keep up with the rising energy costs, according to a new analysis by Help Advisor of recent U.S. Census Data.

FOX Business' Lydia Hu reports 9.6 million people couldn’t pay for their home energy bill almost every month in the past year, with ‘no relief in sight.'

An analysis by Help Advisor of recent U.S. Census Data shared exclusively with the FOX Business Network shows 24% of Americans reduced or forwent basic expenses like food and medication so they could pay an energy bill within the last year. State-by-state analysis shows rates rise to as high as 33.1% in Arkansas and 30.6% in New Mexico for this troubling trend.

Prices for natural gas on the NYMEX have increased by about 44% over the last year, while storage of natural gas has slumped, 17.5% lower than a year ago, according to the EIA.

 

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Much too low mortgage rates lure people to buy a house, what leads to soaring energy bills.

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