Climate change could cost Americans born in 2024 nearly $500,000 in their lifetime
Publishing timestamp: 2024-04-26 09:30:02
Summary
The warming planet is proving costly for many Americans, with U.S. weather and climate disasters costing over $600 billion between 2018 and 2022. Climate change is expected to impact various aspects of household finances, from higher taxes and housing costs to insurance premiums. The financial risks of climate change include increased medical bills, potential loss of retirement savings, and changes in the workforce and education system. CNBC will explore the financial implications of climate change in a new series.
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Keywords: retirement planning, pollution, labor economy, climate, environment, business news, united states, personnel, weather, allstate corp, personal finance, government taxation and revenue, social issues,