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Poverty costs Alberta up to $9.5B a year, report suggests
Monday, February 6th, 2012
February 6, 2012
In a report being released today, Vibrant Communities Calgary estimates poverty costs the Alberta government between $2 billion and $2.4 billion and the overall Alberta economy between $5.1 billion and $7.2 billion – for a total of up to $9.5 billion annually. “This big $9 billion number doesn’t include the cost the government pays in social services or subsidies,” said Dan Meades, director of Vibrant Communities Calgary. “We were kind of surprised this was the number of just the external cost of poverty and it’s that big. We were surprised nobody fixed this yet.”
Read more: http://www.calgaryherald.com/business/Poverty+costs+Alberta+year+report+suggests/6107166/story.html#ixzz1lcBt5BTd
Tags: budget, economy, ideology, poverty, standard of living
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