Moody's Analytics chief economist Mark Zandi estimates the Iran war, which began February 28, has cost the average U.S. household nearly $2,000, or about $265 billion nationwide. Of that, roughly $1,100 comes from higher energy and transportation costs, $540 from higher interest rates and $360 from military spending, and energy costs are still rising by about $50 per household each week. The White House responded that Zandi is a Democratic donor who is often wrong. Other estimates are lower: Brown University puts consumer costs at $133.3 billion (about $1,018 per household), and the Congressional Budget Office put military costs at $38.1 billion through August 1.
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Original headline: Iran War Has Cost Nearly $2 , 000 Per US Household : Moody Top Economist
Read the original on zerohedge.com ↗
Related tickers and likely impact
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/15/2026 | 771.79 |
| Change that session | +0.28% |
XAU/USD
▲ Likely positiveRelevance: low
| Market | Gold |
|---|---|
| Close on 10/15/2026 | 4,170.88 |
| Change that session | +1.59% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- Iran War Has Cost Nearly $2 , 000 Per US Household : Moody Top Economist
Moody’s Analytics chief economist Mark Zandi estimated on Oct. 12 that the Iran war has cost the average U.S. household nearly $2,000 since it began, or about $265 billion nationwide. He attributed roughly $1,100 to higher energy and transportation costs, $540 to higher interest rates and $360 to military spending, and said energy costs are still rising about $50 per household each week. Other estimates cover narrower scopes: Brown University puts consumer costs at $133.3 billion (about $1,018 per household), and Defense Secretary Pete Hegseth has testified to about $37.5 billion in direct military costs. White House Principal Deputy Press Secretary Anna Kelly dismissed Zandi as a Democrat donor who is frequently wrong. U.S. and Israeli strikes on Iran began Feb. 28, and the Congressional Budget Office estimated military costs through Aug. 1 at $38.1 billion.
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