At A Bare Minimum, The Great Recession Cost $20K Per American. Maybe $120K

"Miss me?"

***

"How much did it all cost? In July, three economists at the Federal Reserve Bank of Dallas, Tyler Atkinson, David Luttrell and Harvey Rosenblum, gave it a shot, at least as far as the United States economy goes...[T]heir examination offers a panoramic view of the variety of ways in which the financial crisis diminished the nation's standard of living. At a bare minimum the crisis cost nearly $20,000 for each American. Adding in broader impacts on workers' well-being -- an admittedly speculative exercise -- could raise the price tag to as much as $120,000 for every man, woman and child in the United States." Eduardo Porter in The New York Times.