The economic cost of family breakdown
The economic cost of family breakdown
Family
breakdowns are just as much an economic as a social cost to
New Zealand, United Future leader Peter Dunne told the South
Island Methodist Mission's open day in Christchurch
today.
"The Families Commission, which was announced
late last year and will be established by legislation later
this year, has been derided by United Future's political
opponents as 'just another bureaucracy', 'more Government
interference', and 'an expensive talkfest'," he said.
"But these criticisms are shallow, ill-conceived efforts
to get a headline, rather than an attempt to contribute in a
meaningful way to rational, commonsense debate.
"The
hard fact is that it has been estimated that family
breakdowns cost the country more than $5 billion a year in
welfare and other payments, out of total annual Government
expenditure of more than $35 billion," said Mr Dunne.
"The Minister of Finance could fund a lot more
healthcare, build many more schools or greatly improve the
national transport infrastructure if he had an extra $5
billion a year to play with.
"From that perspective,
it is vital that New Zealand invest a little money now in
setting up structures that will strengthen families because
the long-term return is so good in economic as well as
social terms.
"That will be the real challenge for the Families Commission, and why its establishment is so important.
"It is not only an investment in the
futures of our families and our children, but also in the
future of our country," said Mr Dunne.