The Economic Cost of Gun Violence

By Everytown for Gun Safety

In an average year, gun violence in America kills 40,000 people, wounds twice as many, and has an economic consequence to our nation of $557 billion. Without a doubt, the human cost of gun violence—the people who are taken from us and the survivors whose lives are forever altered—is the most devastating. In addition to this human impact, examining the serious economic consequences of gun violence offers a wider lens for understanding just how extensive and expensive this crisis is. …This $557 billion problem represents the lifetime costs associated with gun violence, including three types of costs: immediate costs starting at the scene of a shooting, such as police investigations and medical treatment; subsequent costs, such as treatment, long-term physical and mental health care, earnings lost to disability or death, and criminal justice costs; and cost estimates of quality of life lost over a victim’s life span for pain and suffering of victims and their families. As survivors, families, communities, employers, and taxpayers, we all pay for the enormous costs associated with this violence, whether we own a gun or not. The daily toll is staggering….The large variation in rates of gun deaths and injuries in the 50 states and Washington, DC, translates into substantial differences in the economic burden from this violence. 

New York: Everytown Research, 2022. 9p.