{"id":821,"date":"2026-06-01T18:40:10","date_gmt":"2026-06-01T18:40:10","guid":{"rendered":"https:\/\/nextaddressamerica.com\/?p=821"},"modified":"2026-06-01T18:40:10","modified_gmt":"2026-06-01T18:40:10","slug":"economist-tallies-what-trumps-war-is-costing-you-and-delivers-a-stark-warning","status":"publish","type":"post","link":"https:\/\/nextaddressamerica.com\/?p=821","title":{"rendered":"Economist tallies what Trump\u2019s war is costing you \u2014 and delivers a stark warning"},"content":{"rendered":"<div>\n<p>A prominent economist has calculated the overall cost of President Donald Trump\u2019s Iran war on American consumers, boiled it down to how much it is costing each U.S. household, and is issuing a warning on the economy.<\/p>\n<p>Read more <a href=\"https:\/\/nextaddressamerica.com\/?p=819\">DC insider warns Trump has put Republicans in a \u2018very bad jam\u2019<\/a><\/p>\n<p>Dr. Mark Zandi is the chief economist at Moody\u2019s Analytics and the co-founder of Economy.com. He puts the total cost of Trump\u2019s war at $100 billion \u2014 a conservative estimate to some \u2014 which amounts to about $750 per household so far.<\/p>\n<p>That $100 billion includes \u201cthe additional U.S. military costs and the higher energy and other prices resulting from the war,\u201d says Zandi, who calls it a \u201cbig economic blow.\u201d<\/p>\n<p>Last week, Zandi told CNBC that if prices stay roughly the same, and the war drags on to a full year, the total cost will jump to about $2,000 for each U.S. household.<\/p>\n<p>He warns that while Trump\u2019s \u201cdeficit-financed tax cuts have cushioned it\u201d so far, as of the middle of last month, \u201cthe bigger tax refunds Americans have received this year no longer cover the higher costs of gasoline, diesel, and jet fuel caused by the war.\u201d<\/p>\n<p>Patrick De Haan, the head of petroleum analysis at GasBuddy, on May 19 reported that \u201cAmericans will be spending $2 billion more on gasoline over the four day Memorial Day weekend compared to a year ago, according to GasBuddy estimates, or roughly $22 million more every hour.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/nextaddressamerica.com\/?p=818\">Trump officials flailing with erratic military strategy: ex-Army commander<\/a><\/p>\n<p>Looking at the \u201chard-pressed middle and lower-income households,\u201d Zandi found that the financial pressure is \u201cmounting quickly.\u201d<\/p>\n<p>He notes that the U.S. consumer\u2019s savings rate is now \u201cabout as low as it ever goes,\u201d and warns that \u201cunless the war ends soon and energy prices come down,\u201d Americans \u201cwill have little choice but to rein in their spending, weighing further on the already sagging economy.\u201d<\/p>\n<p>Gregory Daco, chief economist at EY-Parthenon, told CNBC that consumers \u201care increasingly facing an income squeeze, which is forcing them to use savings, credit and wealth to sustain their spending patterns.\u201d<\/p>\n<p>The Trump White House over the weekend offered a different take.<\/p>\n<p>Kevin Hassett, the director of the White House National Economic Council, told reporters that \u201cPeople are spending more on gas, but they\u2019re also spending more on everything else \u2014 not just groceries, but restaurants and so on,\u201d MS NOW reported. \u201cI think that that\u2019s a sign that you would see when people are optimistic about the future.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/nextaddressamerica.com\/?p=816\">Even MAGA loyalists are torching Freedom 250 concert line-up of \u2018washed up has-beens\u2019<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A prominent economist has calculated the overall cost of President Donald Trump\u2019s Iran war on American consumers, boiled it down to how much it is costing each U.S. household, and is issuing a warning on the economy.Dr. Mark Zandi is the chief economist at Moody\u2019s Analytics and the co-founder of Eco&#8230;<\/p>\n","protected":false},"author":1,"featured_media":820,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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