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Climate Change Cuts US Incomes by Over 10%

1/16/2026

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Summary

Story summary

A study finds climate change has reduced US incomes by over 10 percent since 2000.
The findings challenge U.S. President Donald Trump’s claim that emissions-cutting policies are a hoax.
Researchers led by Derek Lemoine show rising temperatures have lowered Americans’ earning power, with incomes potentially 12% higher without warming.
The study notes the interconnected US economy means regional climate effects can influence prices nationwide.

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Story summary

A study finds climate change has reduced US incomes by over 10 percent since 2000.
The findings challenge U.S. President Donald Trump’s claim that emissions-cutting policies are a hoax.
Researchers led by Derek Lemoine show rising temperatures have lowered Americans’ earning power, with incomes potentially 12% higher without warming.
The study notes the interconnected US economy means regional climate effects can influence prices nationwide.