Zandi Estimates Iran War Has Cost Nearly $2,000 per US Household
The White House says the war cost is necessary to keep Iran from getting a nuclear weapon.
TL;DR
- The Iran war has cost the average American household approximately $2,000.
- This includes $1,100 for higher energy and transportation costs.
- $540 is attributed to increased interest rates.
- $360 is due to military spending.
- Energy costs are rising by about $50 per household weekly.
- The war's costs have absorbed roughly half of the average household's income gains in the past eight months.