Gun violence costs U.S. 557 bln USD annually: media


  • World
  • Saturday, 01 Oct 2022

LOS ANGELES, Sept. 30 (Xinhua) -- Gun violence that causes tens of thousands of U.S. deaths each year is having a significant, negative impact on the country's economy, said a report of Bloomberg.

Harvard Medical School researchers found that gun violence costs the United States some 557 billion U.S. dollars annually, or 2.6 percent of gross domestic product, the report cited a study published in the journal JAMA.

The majority of that cost is attributed to quality-of-life losses among those injured by firearms and their families, according to the study.

As the pandemic raged in 2020, the United States saw a record number of gun deaths and gun sales, according to a Johns Hopkins Bloomberg School of Public Health analysis published in April.

The new Harvard research shows that U.S. companies, employees and the economy also suffered from the rising rates of gun violence, according to the report.

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