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- Dec 2022
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As has been demonstrated, it is not a question of paying ornot paying. Rather, it is a question of how we want to pay, which then affectsthe amount we end up spending.
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By summing together these costs, the overall estimate is that in 2015, child-hood poverty in the United States was costing the nation $1.03 trillion a year.This number represented 5.4 percent of the U.S. annual GDP.The bottom line is that child poverty represents a significant economicburden to the United States.
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to lowered economic productivity through reduced earnings. In addition,increased health costs amount to $192 billion, whereas costs associated withincreased crime and incarceration (increased victimization costs of street crime;increased corrections and crime deterrence; increased social costs of incarcer-ation) total $406 billion.
Childhood poverty results in an annual loss of $294 billion due...
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