fbpx

The U.S. Tort System Costs How Much?

January 29, 2019
520 views
1 min read
947 comments Watch Later Cinema Mode
Average Ridiculous Rating
1 Star2 Stars3 Stars4 Stars5 Stars (1 votes, average: 5.00 out of 5)
Average Ridiculous Rating
1 Star2 Stars3 Stars4 Stars5 Stars (1 votes, average: 5.00 out of 5)
Facebook Twitter Reddit Pinterest Email LinkedIN

The U.S. Chamber Institute for Legal Reform recently released a study that found the total costs and compensation paid into the U.S. tort system in 2016 totaled $429 billion.

That breaks down to over $3,300 per household. If American households actually paid that expense directly, it would be almost double what the average household paid for gas that year [$1,900] and more than what the average household paid to eat out [$3,154].

Yet, the study shows that the system delivered only 57 cents of every dollar in compensation went to plaintiffs—the rest went to attorneys’ fees and other costs.

We asked everyday people what they thought about the runaway costs of the U.S. tort system.

Learn more at www.instituteforlegalreform.com

947 comments

Your email address will not be published. Required fields are marked *