Higher Bills, Property Losses, And Other Coming Impacts Of Climate Change

eye of hurricane from a satellite view
Shiavon Chatman
January 11, 2022

Climate change has been an ongoing global issue – but did you know it’s also a racial one? It’s becoming a huge threat to global financial stability, but will affect Black people in particularly terrible ways.

Areas at risk of natural disasters are often home to many low-income Black people. And when these areas are hit with devastating storms, Black survivors are less likely to receive disaster aid!

Our people shouldn’t need to rely on the government, even during disasters – but we often do. So the lasting effects of increased extreme weather will be disastrous for us.

Natural disasters also bring on increased medical bills due to the problems they create for our health, as well as higher insurance premiums. They also lead to property loss – as will the rising oceans poised to flood the coasts, where many of our people live.

For years, climate change deniers promoted narratives ignoring the threat. But 2021 was the third costliest year EVER in terms of natural disasters, which climate change makes worse. 

If more had been done sooner, we might be in a better position. But it’s not too late yet.

The U.S. economic system has never intended to prioritize Black families. If world leaders don’t dramatically address climate change immediately, our peoples’ lives and livelihoods will continue to be some of climate change’s first victims.

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