Moody's chief economist estimates the Iran war has cost the average US household $2,000 so far

Mark Zandi of Moody's Analytics puts the cost at $2,000 per household, or $265 billion nationwide, since the war began Feb. 28, per The Hill and Newsweek. About $1,100 is higher energy costs, CNN reports; $540 is higher interest rates and $360 is military spending, per Benzinga. Zandi says the total has absorbed about half the average household's income gain over the past eight months. It is his own estimate, posted on X Monday, Oct. 12; Moody's has not published the method.