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submitted 3 months ago by Lemmynated@lemmy.zip to c/world@quokk.au
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[-] Skullgrid@lemmy.world 13 points 3 months ago

The editorializing is distasteful. The actual title is "New York archdiocese to pay $800 million to settle sex abuse cases"

[-] youcantreadthis@quokk.au 4 points 3 months ago

What's that per victim like 5$?

[-] veekz@infosec.pub 2 points 3 months ago* (last edited 3 months ago)

$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.

[-] youcantreadthis@quokk.au 1 points 3 months ago

Known assets not counting secret assets priceless art etc

[-] SaveTheTuaHawk@lemmy.ca 1 points 3 months ago

1.1% is nothing, slightly more than the taxes they don't pay.

[-] veekz@infosec.pub 1 points 3 months ago

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…

[-] SaveTheTuaHawk@lemmy.ca 2 points 3 months ago

It's the same title.

Another title would be "Pedophilic Cult to Pay $800M to Victims Affected So Far".

[-] Skullgrid@lemmy.world 2 points 3 months ago
this post was submitted on 22 May 2026
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