Canceled flights alone cost the economy an estimated $230 million, according to the U.S. Travel Association.
Other costs won’t be tallied for several months. Many homeowners, for example, don’t notice and file claims for damage until the spring, so it will be months until insurance companies know how much the snow cost them.
And while some businesses lose sales and workers lose wages, there are winners, like the snow plow drivers who work overtime to keep the roads clear.
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Factset: FactSet Research Systems Inc. 2015. All rights reserved.
Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
