Crypto crashed, but consumers still face other threats

Cryptocurrencies suffered their latest collapse in 2022, and many, many people lost their savings after listening to celebrity-studded TV ads that urged them to be “bold.” We warned early in the year that the lack of regulation and consumer protection leave the public at risk, both economically and environmentally. But even as crypto lost its luster, other new financial traps emerged, such as the Buy Now, Pay Later schemes popping up from most major retailers. These offers lull people – especially young people – into overconsumption and debt. The good news is that there are many examples out there of strong consumer protections and lots of opportunities for decision-makers to act. In May, we reviewed the effectiveness of California’s automobile Lemon Law in protecting car buyers from faulty vehicles, and showed which car brands are the most and least likely to drive consumers to the courtroom for relief. We also discussed how the Federal Trade Commission (whose mission is to protect consumers as well as to promote competition) could step in to help protect consumers who have to take out auto loans.

The transportation system is changing, but not fast enough … yet

The nation’s car-dependent transportation system continues to degrade our lives – harming our climate, polluting our air and water, costing us money, and making many of us, frankly, miserable. Big changes are needed, but they won’t happen overnight. This year, we laid out an ambitious blueprint for reforming America’s transportation finance system, which spends too much money on the wrong things while subsidizing driving at the expense of public and active transportation. Destructive and wasteful highway projects continue to be proposed around the country, as our seventh edition of Highway Boondoggles made clear, but momentum against wasteful highways is building, and several of the worst projects have been stopped. We also championed the potential of walkable, human-centered cities to spark connection and improve American lives.  

Pollution still puts our health at risk, but there are signs of progress

Fifty years after the passage of the Clean Water Act, many polluted rivers and lakes have been restored to health, but, as our research in 2022 showed, industrial facilities and sewage treatment plants continue to dump nearly 200 million pounds of toxic pollutants into our waterways each year. Growing concern over pollutants like PFAS “forever chemicals” shows that we still have a lot to learn about how toxics are affecting our environment and health, though advances in chemical testing could usher in safer practices. In 2022, we also learned more about long-lingering threats like indoor air pollution and noise pollution from car traffic, which harms our health in a stunning variety of ways. Transitioning to more sustainable practices and systems – induction stoves and electric vehicles, less-toxic and less-wasteful products, and communities where we can walk, bike or take transit to more of the places we want to go – can help make all of those problems less severe.

Good ideas abound

Getting to the heart of today’s biggest challenges requires new and creative thinking about human interaction with the environment – as well as bold new policies and practices. 2022 provided a few signs of hope. Proforestation – leaving forests to grow on their own without interference – is being studied by governments worldwide (including the U.S.) as a tool for carbon sequestration and fighting climate change. The IIJA provided money for cities to plant “green infrastructure” that supports pollinators. More and more cities and towns now have “refilleries” – stores where you can buy products without packaging in your own containers to cut down on plastic waste. And there’s a public conversation under way about abundance – what it means to have enough and what we, as a society, really do need more of – that will likely continue in the years to come.

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Here’s to a healthier, happier and even more hopeful 2023.

Frontier Group staff

Susan Rakov, Director

Tony Dutzik and Elizabeth Ridlington, Associate Directors and Senior Policy Analysts

James Horrox and Bryn Huxley-Reicher, Policy Analysts

R.J. Cross, Fellow

Frontier Group is part of The Public Interest Network, which operates and supports organizations committed to a shared vision of a better world and a strategic approach to social change.

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