Climate Change Threatens Retirement Savings

Climate Change Threatens Retirement Savings: A new study shows that one in four Americans fear rising costs, losing insurance, or damages from extreme weather as top threats to their retirement income. Despite this concern, few have a plan in place. Experts warn that extreme weather can hurt savings like inflation or medical bills. Only a third of those affected have included these risks in their retirement plans. Financial advisors suggest keeping an emergency fund for natural disasters and expecting higher insurance costs due to climate change.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.