The Economic Costs of Child Poverty

The Economic Costs of Child Poverty

Testimony Before the U.S. House Committee on Ways and Means
January 24, 2007

In testimony before the U.S. House Ways and Means Committee, visiting fellow Harry Holzer says the costs to the United States associated with childhood poverty total about $500 billion per year, or the equivalent of nearly 4 percent of GDP. This suggests that investing significant resources in poverty reduction might be more cost-effective than previously thought.

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