Nearly 6 million households have utility debt ‘so severe' they'll soon be reported to collection agencies, analysis finds [Fortune]

IBERDROLA SA S/ADR (IBDRY)

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warning sign for the U.S. economy and another political headache for President Donald Trump Past due balances to utility companies jumped 9.7% annually to $789 between the April-June periods of 2024 and 2025, said The Century Foundation, a liberal think tank. The increase has overlapped with a 12% jump in monthly energy bills during the same period. Consumers usually prioritize their utility bills along with their mortgages and auto debt, said Julie Margetta Morgan, the foundation's president. The increase in both energy costs and delinquencies may suggest that consumers are falling behind on other bills, too. “There's a lot of information out there about rising utility costs, but here we can actually look at what that impact has been on families in terms of how they're falling behind,” Margetta Morgan said. Troubles paying electricity and natural gas bills reflect something of an economic quandary for Trump, who is promoting the buildout of the artificial intelligence industr Show less Read more

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Nearly 6 million households have utility debt ‘so severe' they'll soon be reported to collection agencies, analysis finds [Fortune]

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