The GuardianLean L·
Americans are spending $800 just to cool their homes. We are at a breaking point | Mark Wolfe
While the stock market booms for the rich, cost of living is soaring for everyone else Since 2020, the stock market has more than doubled. Americans who own substantial financial assets are reveling in economic success. For everyone else, the economy feels very different. This summer, the average family will spend nearly $800 just to keep their home cool, almost 40% more than in 2020 and up 10.5% since last summer. Americans now carry more than $1.2tn in credit card debt. Nearly 60% say they ar…
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