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

November 16, 2016 at 11:44 am Leave a comment

Millennials are already facing many difficulties in an economy slowly recovering from the worst economic collapse since the Great Depression. Quality full-time jobs are often out of reach for many young people, wages have stagnated, and millennials have less wealth and financial stability than previous generations.

But millennials face a challenge unlike anything previous generations have had to tackle. Unless our elected leaders take aggressive and immediate action, the millennial generation will have to live with the devastating economic health and environmental impacts of climate change.

Climate change will have a significant impact on millennials’ household incomes and wealth, with rapidly worsening effects by mid-century, as the youngest millennials reach their peak earning years. In this report, we investigate these economic losses for millennials and future generations if we fail to act on climate change, compared to a scenario of no climate change.

Read the key findings or download the report The Price Tag of Being Young: Climate Change and Millennials’ Economic Future at Demos.org

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Entry filed under: Carbon_Emissions, Economy, Social Justice, Students/Youth.

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