How could climate change affect your money?
Weather and climate disasters have cost Americans billions over the past few years — and it’s only expected to get worse.Morrison1977/Getty Images/iStockphotoA new report from the U.S. Department of the Treasury found that alongside risks to health and the physical environment, climate change imposes "substantial financial costs" on communities across the U.S. The total cost of weather and climate disasters from 2018 to 2022 exceeded $617 billion, with a price tag of more than $176 billion in 2022 alone. While 13% of Americans reported economic hardship from natural disasters and severe weather (including flooding, hurricanes, wildfires, and extreme temperatures), climate change impacts are only expected to worsen, putting more communities and households at risk of financial strain. Here ...
