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The Indicator from Planet Money

Climate Change Is Tough On Personal Finances

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 4 August 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

More than three-quarters of adults in the United States say they've experienced extreme weather in the last five years, according to a nationwide survey conducted by NPR, the Robert Wood Johnson Foundation, and the Harvard T.H. Chan School of Public Health.

And events like floods, wildfires and hurricanes are emptying bank accounts — especially when insurance doesn't cover the damage. Today on The Indicator, we bring you an episode of Short Wave, NPR's daily science podcast.

Transcript

Click on a timestamp to play from that location

0:00.0

NPR.

0:03.0

Devastating floods, intense heat waves.

0:14.5

It's been a summer of extreme weather.

0:16.6

Weather was seeing more of because of climate change.

0:19.8

And in fact, more than three-quarters of U.S. adults say they've been personally affected

0:24.5

by this kind of extreme weather in the past five years.

0:27.0

We're talking hurricanes, wildfires, and yeah, floods and heat waves.

0:32.4

This is according to a nationwide survey conducted earlier this year by NPR, the Robert Wood

0:37.1

Johnson Foundation and Harvard University.

0:40.0

But there's another part of this survey that really caught our attention here at the

0:43.6

indicator, and that is money.

0:48.4

A lot of people who responded to the survey said, their main problem with extreme weather,

0:53.2

it's expensive, and many suffer long-term financial problems because of it.

0:58.6

So today on the show, we're doing something a little bit special in turning things over

1:02.1

to NPR's daily science podcast, Shortwave.

1:06.2

After the break, Shortwave co-host Aaron Scott and Becky Herscher from NPR's Climate

1:10.3

Team, they explain what extreme weather means for your wallet.

1:20.5

This message comes from NPR, sponsor Fundrise, a platform that makes investing in high-end

1:25.4

real estate easy.

1:26.7

You tell Fundrise your investing goals, and Fundrise puts your money into the real estate

1:30.5

deals that are right for you.

1:32.2

Sign up for free at Fundrise.com-slash-indicator.

...

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