How much money is lost due to theft?

The amount of money lost due to theft varies widely by region and type of crime, but in the United States alone, the FBI estimates that property crime, which includes theft, results in billions of dollars in losses each year. In 2020, for instance, the total value of property stolen was reported to be around $15 billion. Additionally, businesses may incur further losses from increased security measures, insurance premiums, and decreased customer trust. Overall, the economic impact of theft is significant, affecting individuals, businesses, and communities.