Climate Change Could Cost Millenials Trillions

The Price Tag of Being Young: Climate Change and Millennials’ Economic Future

Sara Jordan, August 21, 2016 (NextGen Climate Action)

“…Left unaddressed, [climate change] will have devastating impacts on our economy, our environment, our communities, and on future generations…[The Price Tag of Being Young: Climate Change and Millennials’ Economic Future concludes] the millennial generation as a whole will lose nearly $8.8 trillion in lifetime income because of climate change. The children of millennials will lose tens of trillions…Without action on climate change, a 21-year-old college graduate in the class of 2015 earning a median income will lose over $126,000 in lifetime income, and $187,000 in wealth…[A] 21-year-old earning a median income will lose $100,000 in lifetime income, and $142,000 in wealth…For the children of millennials, the losses from climate change will be drastically greater…A child born in 2015 with median-earnings will lose $357,000 in lifetime income, and $581,000 in wealth…A child born in 2015 who will be a college graduate will lose $467,000 in lifetime income, and $764,000 in wealth…[It is now clear] that failing to address climate change is an option that we simply cannot afford…Millennials have the numbers to elect climate champions this fall, but we have to show up to vote…” click here for more

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