The economic repercussions of the US and Israeli conflict with Iran are projected to impose a €16.8 billion burden on German households, with the nation's poorest populations bearing the brunt of the income decline, according to a report by the Munich-based Ifo Institute for Economic Research. The institute's analysis compares income forecasts made prior to and following the onset of the US military escalation. On average, German households face a 1.15% reduction in their annual income. However, the impact is markedly more severe for the bottom 10% of households, which could see nearly a 2.9% decrease, while the wealthiest households are expected to experience only a 0.65% decline. Additionally, the Bild newspaper, referencing its own calculations based on Ifo data, notes that the total loss of €16.8 billion translates to an average annual income loss of approximately €403 per household.