Hidden inflation drives up state costs
When most people think about inflation, they think about groceries, gasoline, housing, or electricity. But another form of inflation is quietly making Pennsylvania more expensive, and most people have never heard of it. It does not happen at the grocery store. It happens in the courtroom. A major new academic study by researchers from Georgia State University and Brighthouse Financial has confirmed that lawsuit costs are increasing faster than normal inflation and that the biggest reason is rapidly growing jury verdicts. The researchers analyzed more than 74,000 jury verdicts and ...