This new Joseph Rowntree Foundation report estimates the tangible cost that poverty brings to society, specifically in the form of the cost to the public purse.
It shows that
- the public service costs of poverty amount to around £69 billion, with identifiable knock-on effects of child poverty costing a further £6 billion and knock-on effects of adult poverty costing at least £2.7 billion
- this gives a total cost of poverty in the UK of around £78 billion
- a large proportion of what we spend publicly (about £1 in every £5 spent on public services) is making up for the way that poverty damages people’s lives.
You can access the full report from the Joseph Rowntree Foundation website.