The .19 trillion USD lost to the global economy due to illiteracy has been called “the hidden impact of the pandemic”.

The $1.19 trillion USD lost to the global economy due to illiteracy has been called “the hidden impact of the pandemic”.

In the United States the costs of illiteracy are: $300.80 billion

GRAND RAPIDS, Mich., September 7, 2022 /PRNewswire/ — On International Literacy Day (September 8 2022), a new report has highlighted the economic costs and social impact of a spike in illiteracy due to the disruption of children’s education caused by the pandemic.

CEO of World Literacy Foundation (WLF) Andrew Kay said: “The study finds that children from low-income families are those most affected in a post-pandemic environment. With gaps in their reading development, many children face lifelong illiteracy without effective intervention.”

Released today on International Literacy Day to highlight the impact of illiteracy caused by the COVID-19 pandemic, the Foundation’s report entitled “The economic and social costs of illiteracysays illiteracy is costing the global economy $1.19 trillion USD. Report available here: https://worldliteracyfoundation.org/

Kay said, “Literacy traps young people in an endless cycle of poverty and lifelong hardship, often unable to fill out a form, read a street sign or a drug label”.

“The problem of illiteracy is often hidden by the person and yet linked to numerous negative social and financial outcomes”.

“Globally, nearly 770 million people cannot read a single word and another 2 billion people have difficulty reading a sentence.

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