[prennert]

How do the people who dont deny the risk and dont want to damage the economy propose to handle this situation? Not changing things fast enough just kicks the can down the road to the younger and future generations.

Even for the middle-aged, climate damage might really make their retirement vastly different from todays pensioner life. If insurance is exorbitantly expensive (due to massive pay-outs year-after-year), safe place to live are scarce and expensive (due to neglection to build housing in safe areas for decades), then a lot of money has to be spend on basics. Property prices (and insurance) have a massive impact on any base-level pricing of everything, but mostly essentials: shelter and food.

Its even worse for the younger generation who will struggle to build up wealth, when growth is impossible due to regular wipe-outs of massive amount of wealth due to disasters, not to speak of wars triggered by mass migrations out of places that are untenable to live.