How much difference Closing the Gap would make to New Zealand as it would certainly reduce all over poverty which would reduce child poverty.
Analytica an Auckland Think Tank has recently made the following estimates of the cost of Child Poverty in New Zealand.
• If all children are made “school ready” ie have good mothers, good parent(s), safe, well resourced stimulating homes, long-term economic benefits of $2 billion a year are possible
• Reduced justice sector system costs of $1 billion annually, and victim costs by $1.2 billion are likely if child poverty is eliminated.
• Up to $2.4 billion could be saved from New Zealand’s $15 billion annual health system costs
• Avoiding poverty in childhood adds six years of productive life, which represents a $2 billion annual economic gain.
• The total cost of child poverty is $8 billion a year, 4.5% of GDP
Can we afford NOT to act?
More equal societies are better for all.