Sunday, January 3, 2016

The Growing Global Economic Cost Of Illiteracy

The Guardian: Illiteracy will cost global economy $1.2tn in 2015

Report by the World Literacy Foundation says almost 800m people worldwide who can’t read or write are ‘trapped in a cycle of poverty’

Illiteracy is “a worldwide crisis” that will cost the global economy $1.2tn (£760bn) this year, the World Literacy Foundation (WLF) has warned. More than 796 million people are either completely illiterate, meaning they can’t read or write, or functionally illiterate, meaning they can’t perform basic tasks such as reading a medicine label, the WLF said in a report released on Monday (pdf).

People in rich and poor countries are “trapped in a cycle of poverty with limited opportunities for employment or income generation” because of illiteracy, the report said.

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CSN Editor: One of the greatest gifts that a person can receive is being taught how to read and write.

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