The war in Iran has cost the average American household about $2,000 since the conflict began in late February, according to estimates shared Monday, Oct. 12, by Mark Zandi, chief economist at Moody’s Analytics [1].
The conflict has cost U.S. consumers $265 billion nationwide, Moody’s estimates [2]. The findings place the economic burden of the conflict above earlier Moody’s estimates. In June, Zandi had estimated the total cost at $100 billion, or about $750 per household [3], and in July, the tabulation was already higher than Moody’s last estimate of the war’s cost to households [4]. Zandi told CNN that many Americans had connected the war to their financial strain.
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