A new study suggests that not only is flooding going to cost the US even more in the future -- around 26% more by 2050 -- but people of color are going to bear the brunt of that increase.
The United States is already spending tens of billions of dollars a year on flood damage as hurricanes get more intense, sea level rises along the coasts and extreme weather becomes more frequent.
And a new study suggests that not only is flooding going to cost the US even more in the future -- around 26% more by 2050 -- but people of color are going to bear the brunt of that increase.The study, published Monday in the journal Nature Climate Change, found the cost of flooding in the US will likely rise from around $32 billion today to $43 billion in 2050. And like many aspects of the climate crisis, the change in flood risk won't affect everyone equally.
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