Jeff Reeves’s Strength in Numbers: Cash in on the U.S. heat wave with these investments

This summer’s heat wave is no fun for anyone, with kids cooped up inside when they should be enjoying their last gasp of summer, and weary parents just as frustrated by the weather.

But severe weather like the current “heat dome” gripping much of America isn’t just an emotional drain; it can be a financial loss. A recently released study from the London School of Economics and Political Science says urban areas can be hit particularly hard by severely high temperatures because it results in tangible lost productivity.

“Current temperature costs of heat stress to the urban economy are already substantial,” the report reads, estimating that future costs related to a warming climate and severe temperatures could cut London’s economic output by 1.9 billion to 2.3 billion euros ($2.1 billion to $2.6 billion).

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