Published on Brock University (http://www.brocku.ca)
Everyone knows that living in poverty hurts the people directly affected. But a new economic analysis shows that the consequences of poverty are hurting everyone in Niagara - to the tune of $1.38 billion each year in lost productivity, disproportionate health care expenses, and other direct and indirect costs.
"Are the Consequences of Poverty Holding Niagara Back?" is a new policy brief prepared by the Niagara Community Observatory in collaboration with the Niagara Research and Planning Council and the Niagara Workforce Planning Board. The policy brief forms the basis for an investment strategy to boost Niagara's economy, by reducing the cost of the consequences of poverty.
"By looking at poverty in Niagara through a new lens - one of creating an investment model to help reduce the costs of the consequences of poverty - we could boost our local economy substantially," says David Siegel, director of the Niagara Community Observatory at Brock University.