Lasting Impacts: The Economic Costs of Child Poverty in New South Wales

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For the first time in Australia, research has quantified the economic costs of child poverty. This unprecedented report, commissioned by NCOSS, reveals that child poverty costs the NSW economy approximately $60 billion annually – 7.6 per cent of the state’s Gross State Product.

The report highlights the far-reaching consequences of child poverty, including reduced educational attainment, poor health outcomes, and diminished workforce participation, which perpetuate cycles of disadvantage and lead to significant social and government costs.

The Sydney Morning Herald covered this report.

November 2024