Search
 
News

Workers’ everyday finances are being impacted by climate change

49% of workers earning a low to moderate income experienced negative changes in their work as a result of climate change over the past year.

By Lucy Peterson | November 15, 2023 at 11:54 AM

Climate change impacts so many facets of life — but many U.S. workers might be surprised to learn that it affects their financial security too. 

Commonwealth, a national nonprofit, surveyed 1,200 workers in the U.S. with household incomes ranging from $30,000 to $80,000. The study found that extreme weather events related to climate change are increasingly affecting workers who earn low to moderate incomes. 

According to the survey, 83% of workers experienced extreme weather events, such as droughts, floods, hurricanes, tornadoes or wildfires within the past year. Of those workers, 49% experienced negative changes in their work as a result of climate change.  

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

Recommended Stories

The physician gap: Why advisors and employers should care

The physician gap: Why advisors and employers should care

Dr. Connie Hwang and Dr. Shantanu Nundy |

There are multiple strategies benefits advisors and employers can deploy to address the physician gap and reduce downstream spend while delivering a better and more enjoyable employee experience.

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.