According to economic reports, how does street crime compare in cost to white-collar crime?

Street crime typically incurs lower overall economic costs in comparison to white-collar crime. White-collar crime includes a range of illegal activities committed in commercial situations for financial gain, such as fraud, embezzlement, and insider trading. These crimes can lead to significant financial losses for companies, investors, and consumers due to their scale and the complex nature of the crimes involved.

The financial implications of white-collar crime often extend beyond direct monetary losses, affecting stock prices, employee morale, and the overall economy as well. In contrast, while street crime can certainly result in physical harm and property damage, its economic impact is often more localized and does not have the same widespread ramifications as white-collar crime.

Thus, economic reports indicate that while both types of crime have severe consequences, white-collar crime typically costs more in terms of overall financial impact and societal costs, making the assessment that street crime costs less accurate.