Increased government support for families would save money in the long-term.
by Ted Bruce, Trish Garner and Seth Klein
We’ve heard a lot of concern about government spending recently. What is rarely said, however, is that government spending has the potential to be an investment for British Columbians. It can rebuild the social supports that British Columbians need, improve economic productivity and save money in the long-term.
The fact is that poverty is costing us billions in this province. Higher public health care costs, increased policing and crime costs, lost productivity, and foregone economic activity add up to $8-9 billion per year. In contrast, the estimated cost of a strong, comprehensive poverty reduction plan once fully phased in over a few years is $3-4 billion per year.