When environmentalists speak of climate change, they often talk of “future generations.” But generations already here are poised to suffer long-term consequences. Climate change will affect millennials drastically—including in their wallets.
NextGen Climate and Demos, two organizations dedicated to policy, published a report August 22 that found when compared to a world without climate change, millennials will lose $100,000 in lifetime income and $142,000 in wealth because of additional tax burdens from extreme weather, pollution-related health costs, and the current U.S. economy, which is still recovering from the Great Recession.[...]