Feeling the Heat

Climate Change’s Impact on Worker Financial Security

Categories: Government/PolicyNew SectorsStakeholder CapitalismWorkplace

The impact of climate change on workers in the United States has increased dramatically in recent years, particularly for labor-intensive jobs, service positions, and/or those who are working outdoors. These extreme or unusual weather events have implications for worker productivity, employers’ bottom lines, and employees’ financial security. 

To better understand the impact of extreme or unusual weather (climate events) on workers living on low and moderate incomes—and in particular, its impact on their financial situation—Commonwealth conducted an online survey of 1,200 workers in the U.S. with household incomes between $30,000 and $80,000. 

This report summarizes our findings from that survey, including the financial impact that workers say they are experiencing due to climate change; how their health, well-being, and living situations have been impacted; and their perceptions of what institutions can—and should—be doing to mitigate the impact of climate change on workers’ finances.