Climate change is shifting spending priorities of global middle classes, says UBS

Madeleine Cuff
clock • 2 min read

New report suggests urban middle classes will be forced to cut back on luxuries and entertainment and commit more money to housing as climate risks intensify

Middle-class residents of cities worst affected by climate change are cutting back on luxury and discretionary spending to commit more of their household budget to housing and environmental protection...

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Madeleine Cuff
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Madeleine Cuff

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