American households are absorbing a combined financial hit from higher energy costs and rising borrowing expenses tied to the U.S. war with Iran, with the total estimated bill reaching roughly $1,760 per household as of Sept. 11, according to an analysis by Moody’s Analytics.
The estimate breaks down into approximately $930 in added energy costs, $425 from higher interest rates and $405 from increased military spending, according to the report. U.S. consumers have spent more than $121 billion extra on energy alone since the conflict began, Moody’s found.
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