Senator Elizabeth Warren isn't holding back. The Massachusetts Democrat took to X on Friday to blast what she calls "the Trump economy," pointing to new data showing more Americans falling behind on their utility bills. Her verdict? It's great for the ultra-rich, bad for everyone else.
The Numbers Tell a Tough Story
"More and more Americans are struggling to keep the lights and heat on in their homes," Warren wrote, sharing an Associated Press report that cited analysis from the Century Foundation and advocacy group Protect Borrowers. "The Trump economy in a nutshell," she added.
Here's what the data shows: The average past-due utility balance has jumped from $597 in 2022 to $789 today. That's a 32% increase, and it's hitting families hard. During just the first six months of President Trump's second term, an estimated 117,000 additional households fell into severely overdue utility debt—a 3.8% increase.
But wait, there's more. Between March 2022 and June 2025, average monthly energy bills climbed from $196 to $265. That's a 35% increase, nearly triple the rate of overall inflation during the same period. When your energy costs are outpacing everything else, something's clearly off.
Why This Matters Beyond the Bills
Julie Margetta Morgan, president of the Century Foundation, made an important observation: families typically prioritize utilities right alongside mortgages and auto loans. So when people start falling behind on electricity and gas, it's often a signal of deeper financial trouble brewing.
The scale is staggering. Nearly six million households now face utility debts severe enough to be reported to collections. That's not just a statistic—it's millions of families making impossible choices between keeping the heat on and paying for other necessities.
The White House Responds
The Trump administration isn't taking responsibility for rising electricity costs. Their position? This is a state-level issue. Treasury Secretary Scott Bessent said earlier this month that local electricity prices aren't the federal government's responsibility.
The administration has also argued that energy costs run higher in Democratic-leaning states that rely more heavily on renewable energy sources. President Trump himself disputed negative reports on social media, claiming that affordability concerns from Democrats are misleading and highlighting that gasoline and energy costs are "tumbling down" under his watch.
Political Fallout
The timing is notable. A Reuters/Ipsos poll released this week shows Trump's approval rating at 38%—the lowest of his second term. The four-day survey of 1,017 U.S. adults found growing frustration with Trump's handling of the economy as households continue wrestling with elevated costs.
Whether you call it the "Trump economy" or something else, the financial pressure on American households is real and measurable. And when families can't afford to keep the lights on, that's the kind of economic stress that tends to show up at the ballot box.