Energy More Affordable Now than Ever, Greener Too
Americans are now spending less on energy as a percentage of income than ever recorded. That’s a finding from a recent study by Bloomberg New Energy Finance. On average, consumers spend just four percent of their incomes on electricity, heat, and transportation. This statistic is a clear pushback against those who would say that “we cannot afford clean energy.” It also points out that our economy has changed over the years in such a way that we don’t need to burn as much stuff in order to make a living.