The Financial Crisis May Cost Each American at Least $19,000

January 29, 2014 Three economists at the Federal Reserve Bank of Dallas calculated how much economic activity would be lost by the time the U.S. returns to the growth path it was on before the global financial crisis began in 2008. Their estimate: about $6 trillion to $14 trillion, or $19,000 to $45,000 for every man, woman, and child in the country, according to The New York Times. The per-person cost rises to as much as$120,000 if the calculation includes the impact on workers’ well-being, the Times says. SOURCE: Recession’s True Cost Is Still Being Tallied

Share this post