One year of traffic crashes cost society $340 billion, study finds

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One year of traffic crashes cost society $340 billion, study finds
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A new study reveals that people not directly involved in car accidents pay more in crash costs, including insurance premiums, taxes, and extra fuel use.

DETROITTraffic crashes in the U.S. cost society $340 billion in one year, or just over $1,000 for each of the country's 328 million people, according to a study by safety regulators.

"This report drives home just how devastating traffic crashes are for families, and the economic burden they place on society," Ann Carlson, acting administrator of the agency, said in a statement Tuesday.With fatal crashes rising dramatically in 2021, the Transportation Department began pushing a "safe systems approach" to reduce crashes. It includes safer roads, behavior, vehicles and speeds, as well as better after-crash care.

The cost of the crashes amounted to 1.6% of the $21.4 trillion gross domestic product in 2019, the agency said. The study also calculated that from 1975 to 2019, seat belt use saved 404,000 lives and prevented $17.8 trillion in societal harm, NHTSA said.Nearly 43,000 people were killed on U.S. roads in 2021, the highest number in 16 years as Americans returned to the roads. The 10.5% jump over 2020 numbers was the largest percentage increase since NHTSA began its fatality data collection system in 1975.

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