According to financial estimations10, one murder represents $13,211,695.64 in tangible and intangible costs, and one aggravated assault $155,706.3611. In that sense, Syracuse has lost four and a half billion dollars because of violent crime in the last ten years (McCollister, French, and Fang, âThe Cost of Crime to Society: New Crime-Specific Estimates for Policy and Program Evaluation.â Estimations adjusted to inflation.)
3.1 Consequences for victims and communities.
Tangible costs: There are many consequences for victims of violent crime. First and foremost is
the loss of life and the injuries suffered, robbing the city of the unrealized potential of gun victims
and the unmeasurable effect on their families and greater community. Furthermore, other losses
include medical expenses, cash losses, property theft or damage, and lost earnings. m, victims,
their families, and the city at large suffer from productivity loss; the victim will stop producing,
and those economic gains will never materialize. According to financial estimations of these12,
each murder represents $1,002,409 in tangible costs; an assault represents $11,824.77.
Intangible costs include the enormous pain, suffering, and trauma suffered by victims and the risk
of homicide (in the case of aggravated assault). Murder intangible costs are estimated to be
$11,474,101.81 per crime, and aggravated assault $129,152.28 per crime13.
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