{"id":32751,"date":"2011-03-12T14:57:12","date_gmt":"2011-03-12T14:57:12","guid":{"rendered":"http:\/\/localhost:8888\/wordpress\/economic_damages_in_a_wrongful\/"},"modified":"2024-12-17T15:48:05","modified_gmt":"2024-12-17T20:48:05","slug":"economic-damages-in-a-wrongful","status":"publish","type":"post","link":"https:\/\/www.finchmccranie.com\/blog\/economic-damages-in-a-wrongful\/","title":{"rendered":"Economic Damages In A Wrongful Death Case"},"content":{"rendered":"

As stated in earlier blogs, in Georgia, the measure of damages for a wrongful death <\/a>is \u201cthe full value of the life of the decedent.\u201d One component of the full value of the life of the decedent is the loss of earnings and loss of income. If a 28-year old dies while earning $40,000.00 per year and he\/she will work until age 70 (which is another 42 years) one simple way to calculate the loss of wages would be 42 years times $40,000.00 per year. However, such a simple equation might not account for future raises, future benefits and a better revenue stream as the decedent proceeds in their career path.
\nA jury sometimes can be aided by the testimony of an economist, who can show the jury based on statistical data what an earnings history would look like for someone with a similar background and education, what kind of benefits they could expect to earn, etc. Of course, in today\u2019s economic times, a jury also has to determine whether an income stream would remain unabated, whether the decedent would likely receive raises, etc. While there are no clear cut answers to these difficult questions, nonetheless, juries do have to determine what the \u201ceconomic loss\u201d is in a wrongful death context. In the hypothetical wrongful death case a 28-year old, has been killed while earning $40,00.00 per year. What would constitute fair compensation for the loss of such a promising life if the person was already earning $40,000.00 per year and had even brighter future prospects? Whether an economist is employed or whether the Annuity Mortality Table is utilized simply to argue for compensation over the remaining 42 years of the life of the decedent, either way, the calculus is not definitively defined, but is instead left to \u201cthe enlightened conscience\u201d of fair and impartial jurors seeking justice in a wrongful death case. That is the measure – counsel must help the jury use this measure if fair compensation is to be achieved.<\/p>\n","protected":false},"excerpt":{"rendered":"

As stated in earlier blogs, in Georgia, the measure of damages for a wrongful death is \u201cthe full value of the life of the decedent.\u201d One component of the full value of the life of the decedent is the loss of earnings and loss of income. If a 28-year old dies while earning $40,000.00 per […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[44],"class_list":["post-32751","post","type-post","status-publish","format-standard","hentry","category-personal-injury-wrongful-death","tag-personal-injury"],"yoast_head":"\nEconomic Damages In A Wrongful Death Case — Trial Attorney Blog — March 12, 2011<\/title>\n<meta name=\"description\" content=\"As stated in earlier blogs, in Georgia, the measure of damages for a wrongful death is \u201cthe full value of the life of the decedent.\u201d One component of the — March 12, 2011\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finchmccranie.com\/blog\/economic-damages-in-a-wrongful\/\" \/>\n<meta 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