According to Stanford University, 42% of Americans are working from home and 26% of them are required to work in person at their offices. At least half of the American labor force is still working from home because of the pandemic.
An economist from Stanford University states that the costs of different factors balance each other out because even though, the cost of water and electricity bills has increased, the transportation cost has decreased.
Many Americans have reported that the cost they have saved from commuting has not been enough to offset the utility bills cost. They have had to manage their finances by either working another job or by adjusting their budget to be able to afford their bills.
A patient educator who has been working from home, even before the pandemic, for a pharmaceutical company has shared her experience. She states that her monthly expenses have spiked because now she has more utility bills since everyone is home all the time. She said that she also has to spend more money on extra meals as well as childcare. She also adds that even though she can afford all of this, she has to take money out of her savings.
Another person who works as a human resource assistant shares that he had to request the electric company to allow them to pay their bills over 12 months as they could not afford to pay it all at once.
The U.S Energy Information Administration has reported that electricity bills will increase during winters. As electricity will be used in households for heating, electricity consumption will increase by 8%.
The cost of groceries has also been a major problem for households all over America. The Families First Coronavirus Response Act of 2020 released the Pandemic Electronic Benefits Transfer Program earlier this year in March. Its main purpose is to provide food benefits worth $420 to children who used to receive free lunches.
However, according to families who have received these benefits, it has not made much difference to their grocery bills.
Moreover, Congress has also been in a deadlock concerning the release of another stimulus