Charity Begins At Home

Feb 5, 2024 | Finconomics 101, No Bull Economics

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If you knew that American families were $20B in arrears with their utility bills at the end of 2023, would you consider urging the government to help your neighbors keep warm & the lights on or would you prefer Uncle Sam to fork over $625MM+ during 2023 to help “new entrants” settle-in to the U.S.?    


  • The chart below provides a useful view of the increasing challenges of the lower-income demo, with a +39% y/y increase in the residential utility arrears of Americans from the end of 2021 to the end of 2023. 

  • During the same time frame, we see a significant increase in government spending for “refugee resettlement” as outlined below – funds that are desperately needed for American citizens in need. 

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