Until now, scientists have often framed climate change in terms of the future: cities that will be underwater by the year 2050, the year 2100, or the next 50, 100 or 200 years. But for a growing number of people across the globe, that watery future is already here. One of the most immediate, concrete consequences of those changes is flooding. As higher temperatures lead to sea level rise and more extreme rainfall, more and more people are already learning to live with catastrophic flooding. Many find creative ways to adapt. But it comes at a cost-first and foremost to them, but in the end to all of us. Lab's Amir Jina, of the University of Chicago's Energy Policy Institute, discusses research on how hurricane damage lowers national incomes.