Marketwatch: Millennials Aren’t Saving Money Because of….Global Warming?

Back in 2009, I did an article about “10 Global Warming Doomsday Predictions” that didn’t pan out. Since then, there have been a lot more and I’m sure those of us who have seen how stunningly, consistently wrong these predictions have been aren’t as freaked out about global warming as millennials who haven’t had that experience. Still, this seems like a bit of a stretch,

Some 88% of millennials — a higher percentage than any other age group — accept that climate change is happening, and 69% say it will impact them in their lifetimes. Engulfed in a constant barrage of depressing news stories, many young people are skeptical about saving for an uncertain future.

“I want to hope for the best and plan for a future that is stable and secure, but, when I look at current events and at the world we are predicting, I do not see how things could not be chaotic in 50 years,” Rodriguez says. “The weather systems are already off, and I don’t think it’s hyperbolic to be a little apocalyptic.”

…Of course, personal-finance experts do not recommend avoiding saving for retirement because of the possibility of a climate catastrophe. And Fellowes says United Income research shows that, when it comes to retirement, millennials respond most favorably to peer pressure.