The historic snowstorm in the U.S. is shaking the economy: Damages could reach 115 billion dollars.

The historic snowstorm in the U.S. is shaking the economy: Damages could reach 115 billion dollars.

26.01.2026 23:10

The historic snowstorm that hit the United States caused significant damage not only to daily life but also to the economy. According to assessments published by AccuWeather, the total damage to the national economy from the storm is expected to be between 105 and 115 billion dollars.

The freezing snowstorm affecting the United States has deeply shaken not only daily life but also the country's economy. According to analyses by AccuWeather, the total cost of this historically significant severe weather event to the U.S. economy is estimated to be between 105 and 115 billion dollars.

MORE THAN 200 MILLION PEOPLE AFFECTED

More than 200 million people across the country were directly affected by the storm. Due to freezing temperatures and heavy snowfall, the transportation network was largely paralyzed, with many airports temporarily closed and thousands of flights canceled or delayed. Additionally, more than 1 million households experienced power outages due to icing.

The Historic Snowstorm in the U.S. Shakes the Economy: Damage Could Reach 115 Billion Dollars

HEATING AND ENERGY COSTS INCREASED

Experts indicate that the economic impact of the storm will be most felt in energy and heating expenses. Heating costs are expected to rise by 20 to 35 percent above normal due to freezing temperatures. In major cities like New York, Philadelphia, and Pittsburgh, heating demand is projected to exceed the average of the last 20 years.

SUPPLY CHAIN AND JOB LOSS DAMAGES WORSENED

The snowstorm led to the closure of workplaces and serious disruptions in logistics lines. Breakdowns in the supply chain and production losses are cited as major factors contributing to the increase in total economic damage.

ONE OF THE MOST EXPENSIVE WEATHER EVENTS

Experts point out that the snowstorm experienced could be one of the most costly severe weather events seen in the U.S. since the major wildfires in Los Angeles. Although snowfall has largely come to an end, it is noted that the continuation of freezing temperatures may further increase economic damage in the coming days.

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