Aging Water Infrastructure Will Burden U.S. Economy by 2020
Aging water infrastructure will cost U.S. businesses $147 billion over the next decade, says a new report from the American Society of Civil Engineers.
America’s water and wastewater infrastructure systems are aging and overburdened, with many of them built around the turn of the previous century. Unless new investments are made, unreliable and insufficient water infrastructure will cost the average American household $900 a year in higher water rates and lower wages by 2020. American businesses can expect an additional $147 billion in increased costs, and the economy will lose 700,000 jobs by 2020.