The United States Environmental Protection Agency has determined that the value of a human life is more than $9 million US Dollars (USD). Along similar lines, the U.S. Food and Drug Administration has valued the human life at about $8 million USD, and the U.S. Department of Transportation set its bar lower at about $6 million USD.
More facts about the value of a life:
- "Value of life" estimations are commonly made in statistics, and there are a number of criteria used. For instance, when coming up with the value of a "Consumer Unit" (CU) — i.e., a person's value — statisticians consider everything from age to family income to the ways in which people are educated.
- Globally, insurance companies have their own value of life standards as well. Generally, when considering whether to cover a new treatment, they decide based on whether the treatment will provide one year of "quality life" per $50,000 USD or less. This is disturbing to some economists who have calculated that to have a year of a "quality life" you need at least $129,000 USD.
- To put these values in perspective, the average trafficked human costs about $90 USD.