carol coletta_opportunity dividend summit
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TRANSCRIPT
Sponsored by:
The Opportunity Dividend Summit
The Opportunity Dividend
National Gains
Opportunity
The Hypothesis
• Households living in poverty are key driver ofpublic service costs
• Reducing poverty can reduce public sector costsfor health care, income support and social services
Estimating the Gain
• Each additional person in poverty is associatedwith $8,200 in spending on social service andincome maintenance programs
• Only includes Medicaid, food stamps andassistance to families—including the TANFprogram and other state administered generalassistance
Detroit’s OpportunityDividend
If we decrease Detroit’s poverty rate from 12.9percent to 11.9 percent…
The Detroit Opportunity Dividend =
$396 million annually
City Dividends
Total City Dividends for Detroit…$4.6 Billion Annually
$3.4 billion $396 million$820 million
City Dividends
Total City Dividends for the nation…$166 Billion Annually
$124 billion $13 billion$29 billion
What can urban leaders do to achieve theOpportunity Dividend now?