Zandi Estimates Iran War Has Cost Nearly $2,000 per US Household

Moody’s Analytics chief economist Mark Zandi estimates the Iran war has cost the average American household nearly $2,000. These costs are broken down into higher energy and transportation expenses, increased interest rates, and military spending. Zandi highlights that these combined costs have consumed about half of the average household’s income gains over the last eight months.

• 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.