Annual cost of homeless person out of workcan help you understand the value of

Value

£21099 per homeless person per year

£7,758 in welfare benefits payments, £1,341 in Income Tax and National Insurance payments £12,000 in lost economic output
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Year2006
Status:
Country:
TechniqueCost or income
Description
Annual cost of homeless person out of work
The precise financial costs of omelessness calculations vary epending upon homeless people's specific experiences and circumstances.
The aim of this research is to consider the range of costs and benefits that may be experienced by single homeless people moving into formal employment, and the wider social costs and benefits of them entering work. Drawing upon the views of homeless people staying in London hostels, senior stakeholders from across the sector and upon new economic analysis, the study draws out the key impacts of work, both financial and non-financial, for single homeless people and for society.
References

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