It’s Hard to Get Excited About A ‘C-’
Since 1998, the American Society of Civil Engineers (ASCE) has been grading infrastructure in the United States. ‘A’ is exceptional, fit for the future. ‘B’ is good, adequate for now. ‘C’ is mediocre, requires attention. ‘D’ is poor, at risk. ‘F’ is failing, unfit for purpose.
The 2021 Report Card for America’s Infrastructure graded 17 categories of infrastructure. The grades were poor enough that, if the report card had been handed to a student to take home, it might never have been delivered to the parents.
- Rail B
- Ports B-
- Solid waste C+
- Bridges C
- Drinking water C-
- Energy C-
- Aviation D+
- Public Parks D+
- Schools D+
- Inland Waterways D+
- Wastewater D+
- Hazardous Waste D+
- Dams D
- Roads D
- Stormwater D
- Levees D
- Transit D-
The report’s authors stated, “If the United States is serious about achieving an infrastructure system fit for the future, some specific steps must be taken, beginning with increased, long-term, consistent investment. To close the nearly $2.59 trillion 10-year investment gap, meet future need, and restore our global competitive advantage, we must increase investment from all levels of government and the private sector from 2.5% to 3.5% of U.S. Gross Domestic Product (GDP) by 2025. This investment must be consistently and wisely allocated...”
As many teachers have told many students over the years, a poor grade means there is room for improvement.
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Weekly Focus – Think About It
“There is no greater burden than great potential.”
–Charles M. Schultz, Cartoonist
Andrew Zittell is a Registered Representative with and securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Strategic Wealth Advisors Group, LLC a Registered Investment Advisor. Yerba Buena Financial Partners and Strategic Wealth Advisors Group, LLC are separate entities from LPL Financial.
https://www.barrons.com/articles/infrastructure-inflation-jobs-51624670171 (or see https://resources.carsongroup.com/hubfs/WMC-Source/2021/06-28-21_Barrons_Infrastructure%20Gets%20Its%20Week_Footnote%203.pdf)
https://www.ft.com/content/2b07f1d2-42a5-4fd6-9fe1-441487213a36 (or see https://resources.carsongroup.com/hubfs/WMC-Source/2021/06-28-21_Financial%20Times_Wall%20Street%20Best%20Week%20Since_Footnote%205.pdf)