Personal Finance

Americans shelling out $5,000 a year on gasoline as prices skyrocket

The sky-high gas prices have roots in the faster-than-expected economic recovery from the pandemic, which has triggered the hottest inflation in decades as a result of strong consumer demand, an influx of government stimulus and disruptions in the global supply chain.

Summer electric bill shocker coming

It is on pace to be a pricey summer for electricity costs creating a new headwind for U.S. households already grappling with inflation.