A top economist did the math. Here's what the Iran war has cost US households.
Moody's Analytics chief economist Mark Zandi said on Wednesday that households have been feeling the pinch of higher consumer costs brought on by the war. He recently estimated that the four-month conflict has cost each household $750, but in a recent op-ed in the The Philadelphia Inquirer, Zandi upped that number.
"One thousand dollars," he wrote. "By my calculation, that's the effective cost of the Iran war to the typical American household—so far. While the U.S. and Iran have agreed to a ceasefire and are talking to end the war, the costs are still mounting."
Zandi broke down the math on his estimates, laying out the specific costs imposed on US consumers. He noted that they may still increase, even if the current ceasefire holds and fighting doesn't escalate again.
The war has already cost US households an additional $300 in higher gas costs but Zandi maintains that the figure will increase.
https://finance.yahoo.com/economy/articles/top-economist-did-math-heres-164308176.html
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