U.S. Infrastructure Problems Told in 10 Scary Numbers
May 08, 2015 at 13:03 PM EDT
By 2020, 420 million people are projected to be using the country's roads, water projects, public hospitals, and other groundwork - that hasn't been updated in about 50 years. U.S. infrastructure problems are at a dangerous place, and nothing's being done. The U.S. spends only 2.6% per year on average on infrastructure relative to GDP. By comparison, China spends 8.5%, Japan spends 5%, and India spends 4.7%. "Our infrastructure is on life support right now. You could go to any major city in America and see roads and bridges and infrastructure that need to be fixed today," former secretary of transportation Ray LaHood said. Take a look at these scary numbers that show the sorry state of U.S. infrastructure... Tags: American infrastructure , American infrastructure problems , American infrastructure spending , Infrastructure , infrastructure failure , infrastructure issues , infrastructure problems , Infrastructure Spending , U.S. infrastructure , U.S. infrastructure problems , U.S. infrastructure spending To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post U.S. Infrastructure Problems Told in 10 Scary Numbers appeared first on Money Morning - We Make Investing Profitable .