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Estimating the Economic Cost of Childhood Poverty in the United States.

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Title: Estimating the Economic Cost of Childhood Poverty in the United States.
Authors: McLaughlin, Michael, Rank, Mark R
Source: Social Work Research. Jun2018, Vol. 42 Issue 2, p73-83. 11p.
Subjects: Poverty & psychology, Poverty, Poverty in the United States, Child abuse, Child welfare, Children's health, Crime, Homelessness, Cost analysis, Economics
Geographic Terms: United States
Abstract: Poverty has been an issue of ongoing concern for social work practitioners and researchers over the decades. The societal impact of poverty on a broad range of problems is widely acknowledged throughout the field. However, one vital piece of information regarding poverty has often been missing--its economic cost. This study presents new estimates into the annual costs of childhood poverty in the United States by updating earlier research and including previously unmeasured costs. Cost-measurement analysis indicates that the annual aggregate cost of U.S. child poverty is $1.0298 trillion, representing 5.4% of the gross domestic product. These costs are clustered around the loss of economic productivity, increased health and crime costs, and increased costs as a result of child homelessness and maltreatment. In addition, it is estimated that for every dollar spent on reducing childhood poverty, the country would save at least seven dollars with respect to the economic costs of poverty. The implications of these findings are discussed. [ABSTRACT FROM AUTHOR]
Copyright of Social Work Research is the property of Oxford University Press / USA and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Psychology and Behavioral Sciences Collection
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  Data: Estimating the Economic Cost of Childhood Poverty in the United States.
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  Data: <searchLink fieldCode="JN" term="%22Social+Work+Research%22">Social Work Research</searchLink>. Jun2018, Vol. 42 Issue 2, p73-83. 11p.
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  Data: <searchLink fieldCode="DE" term="%22Poverty+%26+psychology%22">Poverty & psychology</searchLink><br /><searchLink fieldCode="DE" term="%22Poverty%22">Poverty</searchLink><br /><searchLink fieldCode="DE" term="%22Poverty+in+the+United+States%22">Poverty in the United States</searchLink><br /><searchLink fieldCode="DE" term="%22Child+abuse%22">Child abuse</searchLink><br /><searchLink fieldCode="DE" term="%22Child+welfare%22">Child welfare</searchLink><br /><searchLink fieldCode="DE" term="%22Children's+health%22">Children's health</searchLink><br /><searchLink fieldCode="DE" term="%22Crime%22">Crime</searchLink><br /><searchLink fieldCode="DE" term="%22Homelessness%22">Homelessness</searchLink><br /><searchLink fieldCode="DE" term="%22Cost+analysis%22">Cost analysis</searchLink><br /><searchLink fieldCode="DE" term="%22Economics%22">Economics</searchLink>
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  Data: <searchLink fieldCode="DE" term="%22United+States%22">United States</searchLink>
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  Data: Poverty has been an issue of ongoing concern for social work practitioners and researchers over the decades. The societal impact of poverty on a broad range of problems is widely acknowledged throughout the field. However, one vital piece of information regarding poverty has often been missing--its economic cost. This study presents new estimates into the annual costs of childhood poverty in the United States by updating earlier research and including previously unmeasured costs. Cost-measurement analysis indicates that the annual aggregate cost of U.S. child poverty is $1.0298 trillion, representing 5.4% of the gross domestic product. These costs are clustered around the loss of economic productivity, increased health and crime costs, and increased costs as a result of child homelessness and maltreatment. In addition, it is estimated that for every dollar spent on reducing childhood poverty, the country would save at least seven dollars with respect to the economic costs of poverty. The implications of these findings are discussed. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Social Work Research is the property of Oxford University Press / USA and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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RecordInfo BibRecord:
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    Identifiers:
      – Type: doi
        Value: 10.1093/swr/svy007
    Languages:
      – Code: eng
        Text: English
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        PageCount: 11
        StartPage: 73
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      – SubjectFull: Poverty & psychology
        Type: general
      – SubjectFull: Poverty
        Type: general
      – SubjectFull: Poverty in the United States
        Type: general
      – SubjectFull: Child abuse
        Type: general
      – SubjectFull: Child welfare
        Type: general
      – SubjectFull: Children's health
        Type: general
      – SubjectFull: Crime
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      – SubjectFull: Homelessness
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      – SubjectFull: Cost analysis
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      – SubjectFull: Economics
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      – SubjectFull: United States
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      – TitleFull: Estimating the Economic Cost of Childhood Poverty in the United States.
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            NameFull: McLaughlin, Michael
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              Text: Jun2018
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              Y: 2018
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              Value: 42
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