Why Disaster Spending Keeps Increasing
Hurricanes, wildfires, floods, and winter storms are becoming more frequent, intense, and expensive. Climate change is leading to more extreme weather, aging infrastructure struggles to withstand disasters, and population growth in high-risk areas means more damage when disaster strikes.
The numbers don’t lie. In the 1980s, the U.S. spent around $18 billion annually on disaster recovery. By the 2010s, that number had jumped to $81 billion per year—with individual disasters like Hurricane Katrina and Hurricane Harvey surpassing $100 billion each. And the trend isn’t slowing down.