00:00It's Benzinga, and here's what's on the block.
00:02The Waffle House Index, an informal gauge of storm severity, was developed to help assess
00:07the impact of natural disasters based on the operational status of the restaurant chain.
00:12Created by a former FEMA administrator, the index uses a color-coded system to indicate
00:17the level of damage in a region.
00:19Green means the restaurant is fully operational, yellow indicates a limited menu due to reduced
00:24resources and red signals the location is closed, reflecting severe conditions.
00:29The index has become a key indicator of storm damage and recovery efforts, especially in
00:34the southeastern United States, where Waffle House locations are concentrated.
00:38The system gained popularity due to the chain's resilience in staying open during disasters,
00:43offering insight into the level of destruction and the need for emergency aid.
00:47For all things money, visit Benzinga.com.
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