The True Cost Of Loss

With the average person losing 1.24 items a year and just half of them being returned, every three years each person will have two items that they never see again.

The average value of a lost item is $176.25 and the average person irretrievably loses $95.78 of stuff each year.

Across all five countries surveyed, that’s a total loss of more than $47 billion every year.

But that doesn’t take into account the emotional value attached to the lost items. Losing a smartphone filled with pictures of the owner’s children is likely to mean a lot more than simply losing the phone itself.

Similarly, losing a laptop filled with work information can damage not only the business you work for but also your career if the incident changes people’s perception of you.