Canadian Report Reveals Economic Cost of Poverty
A new report published by the Ontario Association of Food Banks outlines the economic cost of poverty in Ontario, and across Canada. Citing the Center for American Progress Task Force on Poverty’s report “From Poverty to Prosperity” as well as a study of child poverty in the United Kingdom, the Canadian study estimates that in Ontario alone, poverty costs between $10.4 billion and $13.1 billion every year, or about $2,900 per household.
“The Cost of Poverty: An Analysis of the Economic Cost of Poverty in Ontario” comes in advance of the official presentation of a government-sponsored poverty reduction plan.
Read more from the Toronto Star about the report and Ontario’s 25 in 5 Campaign.
Tags: Canada, High Cost of Poverty
