The financial cost of child poverty

Current levels of child poverty in the UK cost the country at least £29 billion a year – or £1,098 per household – according to this new research commissioned by CPAG.

Donald Hirsch of Loughborough University has updated his 2008 study for the Joseph Rowntree Foundation which assessed the financial losses to the country of child poverty. The estimate comprises the costs of policy interventions required in childhood to correct for the effects of poverty, as well as the longer term losses to the economy which result from poor children’s reduced productivity, lower educational attainment and poorer physical and mental health.