14 Trillion: The Amount Spent On Bailouts Globally Since The Great RecessionApril 23, 2012 3:43 am
“The amount of money thrown at rescuing the world economy since the Great Recession began is truly staggering, probably more than $14 trillion, and the financial spigots are still open.
In 2009, the IMF calculated that official rescue efforts totaled nearly $12 trillion, and since then the Fed and the ECB have pumped more cash into the economies they oversee.
All of this money – equivalent to the annual output of the U.S. economy or roughly $2,000 for every man, woman and child on the planet – cushioned the economic blow worldwide from collapsing house prices in the United States and parts of Europe, bank failures and the steep contraction in business and household spending.”
Statistics Source: CNBC
There is already a nice way to digest this stat – roughly 2000 dollars for every man, woman and child on the planet. wow.