Can Climate Change Impact Your Retirement?
Recent fires, floods, and extreme heat events are demonstrating that climate change is here—now—not some day in the distant future. How could that realization impact your retirement plans?
Any concern you might feel about climate change could depend in part on your age. A recent survey conducted by the Society of Actuaries (SOA), titled “Financial Perspectives on Aging and Retirement Across the Generations,” takes a deeper look into the topic and provides insights into how different generations view the importance of climate change when planning for retirement.
The survey found that:
- More than a third of all survey participants are very or somewhat concerned that climate change will threaten their financial security in retirement. However, climate change wasn’t a top retirement concern for most survey respondents.
- Compared to other generations, Millennials are more likely to believe climate change will impact their health, increase the likelihood of property damage, and influence where they’ll be able to live in retirement.
Read more @Forbes
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