explain the analysis of the economic cost of poverty
Answers
Explanation:
The upshot: Our results suggest that the costs to the U.S. associated with childhood poverty total about $500B per year, or the equivalent of nearly 4 percent of GDP. More specifically, we estimate that childhood poverty each year: Reduces productivity and economic output by about 1.3 percent of GDP.
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gunnie
Poverty is a state or condition in which a person or community lacks the financial resources and essentials for a minimum standard of living. Poverty means that the income level from employment is so low that basic human needs can't be met.
When people are poor, they need their income for subsistence. Due to this, they are unable to invest in human capital, physical capital and their own health. As a result, investments in the economy are reduced, resulting in a less productive workforce.
Global poverty has a devastating impact. Poor nations suffer tremendously on human development indicators such as health, education, and mortality. ... Children in poor nations are much more likely than those in wealthy nations to die before age 5 and to suffer from malnutrition and disease.
Poor people are more likely to have several kinds of family problems, including divorce and family conflict. Poor people are more likely to have several kinds of health problems. Children growing up in poverty are less likely to graduate high school or go to college, and they are more likely to commit street crime.
ex) Child poverty costs more than $1 trillion per year in lost economic productivity, increased health and crime costs, and increased costs resulting from child homelessness and maltreatment.
read. " The Cost of Poverty.indd - Feed Ontario
by PIN ONTARIO · 2008 "
for more good details