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Tuesday, 31 July 2018

Climate change will hurt your wallet, too

Climate change will hurt your wallet: our household budget is at stake here as well. US News’ money blog has put together some ways climate change will negatively impact your wallet.

  • Your health: The most obvious one and the one we’ve discussed the most so far.
  • Your food: Climate change is expected to reduce crop and livestocks livelihood, consequently leading to a hike in food prices.
  • Your wage: As we noted above, getting out of bed to go to work in the scorching heat will get tougher and tougher and your wallet will inevitable get lighter and lighter.
  • Your electricity bill: Warmer winters and even more hotter summers need that cold breeze air conditioning. Economists estimate that net energy costs to consumers will increase by 10-22%, according to the National Climate Assessment.
  • Your transportation: As our roads and infrastructure networks are in constant threat from the weather changes, we’ll be spending more in maintenance and repair services, or even replacing our cars all together.

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