Young People Are Worried About Climate Change—and That’s Affecting Their Future Plans

More than four in five young Americans are worried about the impact of climate change on people and the planet, according to a survey of nearly 16,000 youths published in Lancet Planetary Health on Thursday. Most respondents do not believe governments are doing enough to reduce emissions, and a majority are looking to the corporate sector to make big changes.

As this group of 16- to 25-year-olds enters the workforce, there’s some indication those feelings will affect big life decisions such as where to live, whether to have kids and what to do for work: 64% of respondents said they “strongly agree,” “agree” or “somewhat agree” that climate change will impact their plans for the future.

“We certainly can see that climate is causing a lot of distress,” said Eric Lewandowski, associate professor at New York University’s medical school and lead researcher on the study. He said this is the first survey of its kind that focuses on the U.S., and the largest his team is aware of. A global survey conducted in 2021 found similar levels of climate-related stress among youths around the world.

The study also examined links between experience of severe weather events and attitudes about climate change. The researchers found that regardless of political affiliation, people who said they had experienced severe weather events were more likely to report feeling worried about climate change. Just under half of respondents said they were “very sure” climate change is happening, and a further 20% were “moderately sure.”

“Being anxious about climate disruption is a legitimate response to a real threat,” said Lise Van Susteren, associate professor at George Washington University and researcher on the study. A co-founder of the Climate Psychiatry Alliance, a group that helps therapists support patients with environment-related anxiety, Van Susteren said the survey results confirmed what she has seen on the ground, but the numbers were more severe than she expected.

It’s still not clear whether feelings about climate change transfer into broader labor force trends. While 67% of respondents said they may choose to work for employers who show commitments to sustainability and reducing their climate impact, recruiters who work on hiring entry-level candidates for oil and gas jobs say they haven’t heard much about climate concerns, said Keith Wolf, Houston-based managing partner of staffing firm Murray Resources.

Wolf informally polled recruiters on his team, and they said entry-level candidates who expressed hesitancy to work for fossil-fuel companies were outnumbered by those who wanted to break into the field. Some job candidates expressed concerns about other factors affecting the industry, like volatility.

In 2017, Ernst & Young published a survey that found college students were reluctant to pursue jobs in the oil-and-gas industry because they viewed it as “dirty and dangerous,” said Tim Haskell, managing director at the accounting firm.

Since then, he said, employers have updated their talking points. “I think companies saw that message as well as some of their own internal research and have really tried to shift the employee value proposition to say, hey, come here and change the industry from the inside out,” Haskell said.

The Lancet survey found that climate-related concerns about the future extend beyond career choice. More than three-quarters of respondents said the future is frightening, and more than half of respondents agreed that they were hesitant to have children.

For many Australians, the 2026 Federal Budget initially felt like a direct challenge to the way wealth is created, held and transferred between generations.

The headlines were immediate: changes to capital gains tax, reforms to discretionary trusts, restrictions on negative gearing and increased scrutiny of investment structures. Unsurprisingly, affluent families, business owners and investors began asking the same question:

Is the way we hold our wealth still fit for purpose?

In recent days, the government has announced several significant amendments following industry consultation and public feedback, including exempting testamentary trusts from the proposed 30 per cent minimum tax and expanding capital gains tax concessions for small businesses.

The backdown is welcome. But it also highlights something much bigger.

This Budget has accelerated a conversation that many Australian families have been postponing for years.

The conversation is not really about tax. It is about wealth stewardship.

For decades, Australians have built wealth through businesses, property, investments and careful long-term planning. Yet many families have not revisited the legal structures surrounding those assets in years, sometimes decades.

We often see clients who have spent years building significant wealth, only to discover their legal arrangements no longer reflect their current circumstances.

Their children are now adults. They may own multiple properties.

They may have sold a business, entered a second marriage, become grandparents or accumulated digital assets that did not exist when their original estate plans were prepared.

The trust that distributes income may need to be reconsidered. The bucket company may no longer be so attractive.

The Budget has simply exposed a reality that already existed: wealth structures cannot remain static while life continues to evolve.

Importantly, trusts themselves are not the issue.

Trusts are legitimate planning tools that provide flexibility, protection and continuity. When used appropriately, they allow families to adapt to changing circumstances over time.

And neither is tax the issue, really. Getting the fundamentals right is more important for long-term, sustainable wealth than a few favourable tax treatments around the edges.

The real issue is complacency.

Too often, families create structures and assume the job is done. It isn’t.

Estate planning is no longer a document you sign once and file away in a drawer. It is an ongoing process that should evolve alongside your life.

We are also seeing a broader shift in how Australians define wealth itself. It is no longer just the family home and an investment portfolio.

Modern wealth includes businesses, digital assets, cryptocurrency, intellectual property, frequent flyer points and increasingly complex family arrangements.

At the same time, Australians are living longer than ever before, meaning wealth may need to support multiple generations simultaneously. This creates new responsibilities and new risks.

How do you help your children enter the property market without exposing family wealth to relationship breakdowns?

How do you structure wealth so that it remains a source of opportunity rather than future conflict?

These are the questions families should be asking now.

The recent debate surrounding testamentary trusts also serves as an important reminder that policy decisions can have unintended consequences for vulnerable Australians. It is encouraging that the government has listened to feedback and clarified its position.

But the lesson remains: the wealth landscape is changing.

Increasingly, governments, regulators and tax authorities are paying closer attention to how wealth is held and transferred. That means families cannot afford to adopt a “set-and-forget” approach to their structures.

The families who will be best placed for the future are not necessarily those with the greatest wealth.

They are the families with the greatest clarity. Clarity around ownership, succession and governance. And clarity around how wealth will transition from one generation to the next.

Ultimately, preserving wealth is not about avoiding change.

It is about preparing for it.

Because the greatest risk is not change itself.

It is losing the ability to respond to it.

Anthony Hunt is Co-Founder of Wealth Lawyers and former COO of Westpac Private Bank. He advises business owners, investors and affluent Australian families on wealth protection, succession planning and intergenerational wealth transfer

Young People Are Worried About Climate Change—and That’s Affecting Their Future Plans

Nearly 70% of those surveyed say environmental concerns may affect career choice, while others say it’s a factor in decisions about having children

The Federal Budget may have softened some of its proposed tax reforms, but it has exposed a bigger issue: too many families are relying on wealth structures that no longer reflect the realities of modern life.