The Costs Of Climate Change Come Home

How Much Climate Change Will Steal From Your Pocket This Year

Joel Anderson, December 4, 2019 (Yahoo Finance)

“…[The Fourth National Climate Assessment] presented a pretty grim outlook on the economic impacts of climate change…[It] suggested that climate change could ultimately cost different sectors of the economy hundreds of billions of dollars a year by the end of this century…[But] global warming is already costing you money and will only cost you more over time…A September 2017 report from the U.S. Government Accountability Office (GAO) revealed that the Office of Management and Budget had placed the estimated cost to American taxpayers over the last decade at $350 billion, or $35 billion a year…[which is] about the entire budget for the state of New Jersey…

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…[Y]ou’re already paying more at the grocery store and those bills will continue to rise…[C]rop yields worldwide could fall by as much as 25 percent from 2030 to 2049…[driving food prices increases] as high as 84 percent…[T]he average person should expect to lose about a quarter of their income to the costs of climate change by 2100…[Millennials are] expected to lose nearly $8.8 trillion in lifetime income…[The frequency and cost of weather-related events will grow along with] your insurance bill…[Your 401k may be compromised by fossil fuel reserves] that are most likely never going to end up on the open market…” click here for more

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