Affluence Does Not Equal Affordability

Across the U.S., 50% of Americans over the age of 50 have less than $50,000 saved for retirement. That statistic is a stark reality that every water-sewer stormwater utility needs to consider as a key element of their infrastructure and service planning and any increased utility rates to pay for such service. Sewer service has been generally affordable for most Americans, but infrastructure projects with a high price tag, such as septic-to-sewer conversions, can pose a burden for any community where residents lack sufficient savings or other income producing assets. Affordability is not a challenge just for poor cities or areas with declining populations. Every community and utility needs to take a deeper look and address the growing affordability gap.