UBS Americas president: The future of US citizens is at risk unless we invest two ways
Tom Naratil is co-president of UBS Global Wealth Management and president of UBS Americas.
For many, the term"infrastructure" elicits images of decaying bridges, outdated transit systems, and vulnerable power grids — for good reason. Most of our decades-old physical infrastructure is in need of massive, overdue attention.
A recent UBS poll found 90 percent of high net worth investors and 83 percent of small business owners agree government should spend more time and money on improving infrastructure. Roughly one-third of business owners told us they would invest more in their business and 26 percent would expand their business into new markets if Congress passed an infrastructure package, creating jobs and stimulating the economy.
Or look at the potential for clean energy. The International Renewable Energy Agency estimates that the decarbonization of the global energy system can create up to 28 million jobs by 2050. These jobs will require state-of-the-art energy infrastructure to flourish. That's why 65% of high net worth investors and 61% of business owners want utilities to be a focus of infrastructure improvements.
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