America’s Small Towns Are Getting Bankrupted Due to Climate Change


FAIRBUFF N.C. – Nearly five years ago, Hurricane Matthew flooded FairbuFF on the North Carolina coast. The damage continues.

Main Street was submerged in the storm by four feet.

It started out as a physical crisis. It has become a serious problem.

Al Leonard, the town planner, has to retrieve it.

Many small rural communities such as Fair Bluff are in serious financial trouble and now face insolvency. Because of climate shocks, both the taxpayer base and individuals leave.

Communities with low incomes that were in Hurricane Ida’s path or affected by recent floodings (e.g. Tennessee) are now at increased risk from climate change.

The gradual demise of a house is more than losing your history and identity. This can create chaos in the surrounding communities as more people move into cities.

It took years before the federal government was able to respond effectively to natural disasters. Visit for more information about bankruptcy.


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