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Violence Against Women Could Cost America $500B Annually

Violence Against Women Could Cost America $500B Annually

There is an obvious physical and emotional cost for women facing violence, but now a new study reveals the significant cost on the U.S. economy. And when we say significant, we mean monumental.

According to a new study released Thursday by the McKinsey Global Institute, violence against women costs approximately $4.9 billion dollars annually.

This figure includes mostly medical costs. Lost productivity and lost earnings over women’s lifetimes also account for another 30 percent of the $4.9 billion dollar total.

But this total cost excludes the pain and suffering experienced by women who have been victims of violence, making the total loss estimated by one report to be close to $500 billion dollars annually.

Yet the institute estimates that 95 percent of violent incidents happen in homes with incomes of less than $75,000. And many acts of violence continue to go unreported.

For Sexual Assault Awareness Month we encourage you to ask for help if you or someone you know needs it, and we urge you to speak out in opposition to violence against women.

NEXT: Putting A Name To Domestic Violence »

Related Stories:
Fighting Domestic Violence
Violence Against Women Act

Photo Credit: Tetra Images/Jamie Grill via Getty Images