Child poverty costs the NSW economy $60 billion a year.
NCOSS’ report is the first time in Australia that the economic costs of child poverty have been systematically quantified.
This includes increased costs in areas such as healthcare, the legal system, and homelessness services, as well as the cost of lower workforce productivity.
Fams CEO Susan Watson says, “Stopping child poverty at its source, by investing early in life and early in need, means thriving families and safer futures for our children.”
Read the new report by NCOSS – Lasting Impacts: The Economic Costs of Child Poverty in NSW.
