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Speaker: Hate crimes cost U.S. at least $3.4 billion a year
Summary
A meeting speaker estimated hate crimes impose at least $3.4 billion in annual costs on the United States, saying the economic and psychological toll affects victims and entire communities and likening the impact to a recurring recession.
A speaker at the meeting said hate crimes cost the United States at least $3,400,000,000 each year and urged policymakers to account for that toll.
The speaker said the economic estimate understates broader harms: “one of the reasons why hate crimes probably cost a lot more than $33,000,000,000 a year is that we underestimate how much psychological damage hate crimes do,” the speaker said, adding that hate “is so pervasive that we really can't estimate how much it…
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