New Study: Climate Change is Having a Profound Financial Impact on Workers Earning Low and Moderate Incomes
Feeling the Heat: Climate Change’s Impact on Worker Financial Security reveals the profound effect of climate change on employees’ financial situations and other areas of their lives – as well as opportunities for employers, financial institutions, and other systems actors to help mitigate these effects.
- Feeling the Heat: Climate Change’s Impact on Worker Financial Security reveals the profound effect of climate change on employees’ financial situations and other areas of their lives – as well as opportunities for employers, financial institutions, and other systems actors to help mitigate these effects.
- View the full release here: https://www.businesswire.com/news/home/20231010666227/en/
In new research, Commonwealth reports on the financial impact of climate change, on the lives of workers earning low and moderate incomes, disproportionately Black and Latinx, and on the role that employers have in ensuring the financial security of impacted workers. - Meanwhile, 73% of workers surveyed say the government has a role to play in supporting those impacted by climate change.
- “These findings are consistent with our prior research that employers, financial institutions, and government play essential roles in enabling and protecting the financial security of workers earning low and moderate incomes,” Flacke continued.