$615,384.62, but likely low all things considered.
The Catholic Church is worth >= $73 billion USD, so this payout was (rounding up) 1.1% of total wealth. On the road now but I’ll add some more to this comment later today.
Edit: Some edits to the above. Didn’t really account for lawyer fees, so subtracting 33% (low end estimate) I’d get $430,769.23. Still a pretty substantial payout, but them lawyers do be taking a sizable chunk.
Kinda hard to gauge the economic cost of sexual assault, but from some US workplace stats in 2024 it looks like:
average loss per workplace injury: $1,120
average loss per medically consulted injury: $48,000
average loss per death: $1,540,000
Note that deaths include lost future wages too, over a much larger timeframe than non-fatal injuries.
So adolescent sexual assault slots in between medical injuries and deaths, but roughly 9 times as financially devastating as a physical injury. Also somewhat crazy that the original ask by the claimants was $2B, which would have been 70% of a death’s payout per victim.
For the entire Catholic Church yes, but sounds like this could bankrupt the NY region if more than $800M was awarded. All lawyer speak to likely try and resist higher award totals…
The editorializing is distasteful. The actual title is "New York archdiocese to pay $800 million to settle sex abuse cases"
What's that per victim like 5$?
$615,384.62, but likely low all things considered.
The Catholic Church is worth >= $73 billion USD, so this payout was (rounding up) 1.1% of total wealth. On the road now but I’ll add some more to this comment later today.
Edit: Some edits to the above. Didn’t really account for lawyer fees, so subtracting 33% (low end estimate) I’d get $430,769.23. Still a pretty substantial payout, but them lawyers do be taking a sizable chunk.
Kinda hard to gauge the economic cost of sexual assault, but from some US workplace stats in 2024 it looks like:
Note that deaths include lost future wages too, over a much larger timeframe than non-fatal injuries.
So adolescent sexual assault slots in between medical injuries and deaths, but roughly 9 times as financially devastating as a physical injury. Also somewhat crazy that the original ask by the claimants was $2B, which would have been 70% of a death’s payout per victim.
1.1% is nothing, slightly more than the taxes they don't pay.
For the entire Catholic Church yes, but sounds like this could bankrupt the NY region if more than $800M was awarded. All lawyer speak to likely try and resist higher award totals…
Known assets not counting secret assets priceless art etc
It's the same title.
Another title would be "Pedophilic Cult to Pay $800M to Victims Affected So Far".
Ow the edge