Yearly Cost of Crime in U.S. $2.6 Trillion: First Estimate in 25 Years
Newly published research from the Pacific Institute for Research and Evaluation (PIRE) shows that personal and property crime in the U.S. cost $2.6 trillion in 2017. This figure includes out-of-pocket costs and the value of lost quality of life. In 2017, associated costs, with a dollar value placed on lost quality of life, include: $2.2 trillion for violence $220 billion for non-violent crime Further, $1,900 for every person in the U.S. That figure also equaled 3.2% of the Gross Domestic Product ( GDP). exceeded the $590 billion for military spending or the $450 billion spent on...
Source: prnewswire.com