An analysis released by House Democrats on the Joint Economic Committee detailed the staggering financial impact of the gun violence epidemic
A state-by-state analysis released on Wednesday by House Democrats on the Joint Economic Committee on Wednesday added some disturbing perspective to America’s gun violence epidemic, both in how the problem is unique to the United States and in the toll toll it’s taking on the economy.
Gun violence against young people is far more likely to occur in the South and Midwest. Alabama, Arkansas, Louisiana, Mississippi, and Missouri are among the states with the highest youth death rates. At the top of the list, however, is Alaska, which also has the highest suicide rate. The report notes that a staggering 60 percent of U.S. firearm-related deaths are self-inflicted.
Rural states also suffer the most economically from the gun violence epidemic. In calculating the economic toll, the committee factored in lost income, employer costs, health care, and the cost expended by the police and the criminal justice system. Mississippi, Alabama, Arkansas, Louisiana, and West Virginia were the states whose economies suffered the most relative to the size of their economies. In total, gun violence costs the United States $229 billion annually, or 1.4 percent of the GDP.
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