Eight months into the war in Iran, the average American household is nearly $2,000 worse off, according to economist Mark Zandi. This adds a fresh economic pressure as the midterms approach.
"Nearly $2,000. By my calculation, that is what the Iran war has cost the average American household since the war began nearly eight months ago. Nationwide, that adds up to $265 billion," Zandi, chief economist at Moody’s Analytics, wrote on social media.
That is seven times more than what Secretary of Defense Pete Hegseth told Congress the war had cost the nation between February 28, when the U.S. and Israel launched joint strikes on Iran, and late July.
