Aging water infrastructure will cost U.S. businesses $147 billion ands households $59 billion over the next decade, according to a new report from the American Society of Civil Engineers (ASCE). The report says the nation’s water and wastewater infrastructure systems are aging and overburdened.
Unless new investments are made, by 2020 unreliable and insufficient water infrastructure will cost the average household $900 a year in higher water rates and lower wages, the report says. Businesses can expect an additional $147 billion in increased costs, and the economy will lose 700,000 jobs by 2020.
The report, “Failure to Act: The Economic Impact of Current
