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TOOL · GROSS COST

How much would a basic income cost in United States?

Calculate the gross annual cost of paying a monthly amount to the country’s adult and child population.

Adult population 277,504,221child population 59,250,831year 2023World Bank WDI

GROSS ANNUAL COST

2,948,445 million

in US dollars$2,948,444,510,400

Equal to 10.6% of reference GDP

Population covered: 336,755,052 people

Adults: 277,504,221 × $800 × 12 = $2,664,040,521,600

Children: 59,250,831 × $400 × 12 = $284,403,988,800

$2,664,040,521,600 + $284,403,988,800 = $2,948,444,510,400

Offset benefits, recovered tax, administrative savings and later economic effects are not deducted. This is a gross cost, not a net cost.

Sources and method

Population 2023 · World Bank WDI

GDP 2023 · $27,811,517,000,000 · World Bank WDI

Currency USD · exchange rate 1.0000 USD/USD (2023)