Categories: News

The rising demand for nuclear bunkers

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Spain is formulating a new national security plan that will tell citizens what to do in case of war. Meanwhile, “wealthy clients” across the country are buying under-home bunkers, with one company saying a “middle-class family” took out a loan to have one installed.

In 2023, countries with nuclear weapons spent a combined $91.4 billion (£72.7 billion) on their arsenal, and “global security leaders are warning nuclear threats are growing”. In response, more people are investing in at-home shelters, hoping to dodge theoretical warfare.

The US market for bomb and fallout shelters is expected to hit $175 million (£139.3 million) by 2030, reported AP, and other countries are also seeing a spike in demand. In Spain, “fears of the growing threats from war and a rise in catastrophic natural disasters” like floods have bolstered the market, said the i news site.

The business of bunkers

When Russia attacked Ukraine with a hypersonic missile in November, Ron Hubbard’s phone started to ring nonstop.

Some experts say they are unnecessary and unhelpful against blasts or nuclear fallout, and that they “create a false perception that a nuclear war is survivable”, but “buyers say bunkers offer a sense of security”, said AP. That’s partially why manufacturers are seeing a spike in sales.

Sign up for The Week’s Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up

The bunker interest isn’t limited to anxious individuals. Governments are taking note of threats, too, with officials taking stock of nuclear shelter networks.

source

Donna Wilson

Share
Published by
Donna Wilson

Recent Posts

Cash Isa battle sees Trading 212 hike best rate TWICE in one week – how to bag 5.1%

Trailing Trading 212*, Plum* and Moneybox are Monument Bank and Mansfield Building Society which are…

3 weeks ago

Will Howard’s girlfriend in tears after QB’s game-sealing pass in Ohio State’s national championship win

Howard proved to be clutch down the stretch and led the Buckeyes to their first…

3 weeks ago

Saving lives and limbs on the high seas: The extraordinary world of early modern ship’s surgeons

Psychological distress The challenges and risks of life at sea were not just physical but…

3 weeks ago

Walmart facing backlash over DEI policy reversal as shareholders, Dem officials urge them to reconsider

McDonald’s, Amazon, Meta and American Airlines have also since announced a change to their DEI…

3 weeks ago

The long road ahead to rebuild life in Gaza

What about the economy?The conflict has also had a "devastating impact" on Gaza's economy, said…

3 weeks ago

Mike McCarthy latest after Dallas Cowboys exit as NFL team ‘rolls out red carpet’ for Super Bowl champion coach

The Bears have so far confirmed that they have interviewed 17 candidates to be their…

3 weeks ago