The editorializing is distasteful. The actual title is “New York archdiocese to pay $800 million to settle sex abuse cases”
It’s the same title.
Another title would be “Pedophilic Cult to Pay $800M to Victims Affected So Far”.
Ow the edge
What’s that per victim like 5$?
$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:
- 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.
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
