Could you live without GPS? It's OK, the economy can't, either

By Nate Hegyi,

Wailin Wong, Angel Carreras, Kate Concannon

Published September 24, 2024 at 9:07 AM EDT

A recent survey found that nearly half of all Americans say they could not live without GPS in their car. The American economy couldn't live without GPS, either! Clocks on Wall Street, commercial fishermen, and of course, your Lyft driver, all rely on satellite navigation services.

An outage in those services, however, would cripple the U.S. economy. A study found that an outage could cost at least $1 billion a day ... and we don't have a backup.

Today on the show, we explain who owns GPS and why we don't have a Plan B if it fails.

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Nate Hegyi

Nate is UM School of Journalism reporter. He reads the news on Montana Public Radio three nights a week.

See stories by Nate Hegyi

Wailin Wong

Wailin Wong is a long-time business and economics journalist who's reported from a Chilean mountaintop, an embalming fluid factory and lots of places in between. She is a host of The Indicator from Planet Money. Previously, she launched and co-hosted two branded podcasts for a software company and covered tech and startups for the Chicago Tribune. Wailin started her career as a correspondent for Dow Jones Newswires in Buenos Aires. In her spare time, she plays violin in one of the oldest community orchestras in the U.S.

Angel Carreras

Angel Carreras is an assistant producer for The Indicator from Planet Money. He is a Bakersfield-raised, Cal State Long Beach graduate. He previously worked at KCRW, the NPR member station in Los Angeles. He has produced award-winning and character-driven work, with subjects that have included masked puppeteers, mutual aid groups, and community activists.

Kate Concannon

Kate Concannon is the Supervising Senior Editor at The Indicator from Planet Money. She leads this small, collaborative team of hosts, reporters and producers in making sense of crucial, but often complex and confusing, economic news in just 10 minutes a day.