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Poverty leads to increased government costs in health care, policing and crime related costs, and social services. [20] In 2008, it was estimated that "federal and Ontario government are losing at least $10.4 billion to $13.1 billion a year due to poverty, a loss equal to between 10.8 to 16.6 per cent of the provincial budget". [20]
By 2008, Canada's poverty rate was among the highest of Organisation for Economic Co-operation and Development (OECD) member nations—the wealthiest countries in the world. [6] The number of people living below the official poverty line decreased substantially from 14.5% in 2015 to 10.1% in 2019, [7] and 6.4% in 2020. [4]
Anti-poverty groups were "stunned" by the decision to discontinue the program. The Ontario Coalition Against Poverty declared that the decision "demonstrates a reckless disregard for the lives of nearly 4,000 people." [20] Local politicians in Hamilton passed a resolution "denouncing" discontinuation of the program. [24]
It's old and outdated, but here's why the poverty rate still matters.
In 2008 Iran government report by central statistics had recommended 9.5 around million people living below poverty line. [68] As of August 2022 the Iranian economy suffered the highest inflation in 75 years; official statistics put the poverty line at 10 million tomans ($500), while the minimum wage given in the same year has been 5 million toman.
Alabama. Actual poverty line for 1-person household: $11,025 Actual poverty line for 2-person household: $14,895 Actual poverty line for 3-person household: $18,766 Actual poverty line for 4 ...
October 22 – Economic crisis of 2008: The Loonie drops below $ .80US for the first time since mid-2005. October 31 – 2008 British Columbia pipeline bombings: A third bomb detonated at a natural gas wellhead in the region of Dawson Creek; November 14 – Eva Aariak is selected as the new Premier of Nunavut at the Nunavut Leadership Forum in ...
The Ontario Basic Income Pilot Project was a pilot project to provide basic income to 4,000 people in Ontario, Canada.The project followed recommendations made by Hugh Segal in consultation with the population, and would test whether "Basic Income [would] reduce poverty more effectively, encourage work, reduce stigmatization, and produce better health outcomes and better life chances for ...