Pandemic cost U.S. economic $16T

​​​​CAMBRIDGE, Mass. – ​​The total cost of the pandemic is estimated at more than $16 trill​ion, or approximately 90 percent of the annual gross domestic product (GDP​​​​​)​​ o​​f the U.S​.​, acco​rding to researchers from Harvard University.

Approximately half of this amount is the lost income from the COVID-19-induced recessi​on; the remainder is the economic effects of shorter and less healthy life.​

According to the report, the crisi​​s cost the economy over $7.59 trillion in lost GDP. 

Health loss totaled around $4.38 trillion in premature death, $2.57 trillion in long-term health impairment, and $1.58 trillion in mental health impairment.

Since the onset of COVID-19 in March, around 60 million unemployment insurance claims have been filed as of September.

The Real Estate Center has more COVID-19 information online: