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“Unfortunately, extreme weather events are a significant drain on Americans’ finances, and they seem to be getting more common.”

– Ted Rossman

Extreme Weather Has Impacted Majority of Americans’ Wallets

Extreme weather events (including hurricanes, tornadoes, wildfires, earthquakes, flooding, and heavy snow) have taken a toll on most U.S. adults' finances, according to a new Bankrate report. Almost 3 in 5 U.S. adults (57%) say they have incurred costs due to an extreme weather event over the past 10 years, while more than half (53%) said higher than usual electricity bills strained their finances this summer.
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National average banking rates

1 Year CD 1.78%
3 Year CD 1.39%
5 Year CD 1.44%
Savings Account 0.57%

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