Economy & Business
Child care is an integral pillar to supporting a thriving economy, with 27 million Americans relying on it to work. The national shortage of affordable child care programs is doing significant harm to family finances, businesses’ bottom lines, and the U.S. economy broadly.
Here are five things to know about child care and our economy.
- The United States economy loses an estimated $122 billion a year due to child care challenges.
- On average, businesses lose $1,640 a year for each working parent due to lost revenue and hiring costs because of insufficient child care, totaling $23 billion annually.
- 77% of small business leaders say access to high-quality, affordable child care is essential or important to strengthening the economy and helping workers.
- Investments in high-quality child care and early learning programs can generate up to $7.30 per every dollar invested.
- The availability of early childhood education programs attracts homebuyers and increases property values by $13 for every dollar invested in programs.
Learn more:
Posts
GOP Leader Signals Support for Federal Child Care Relief
America needs child care relief to keep the industry afloat during the nation’s economic recovery from the COVID-19 pandemic. The disastrous economic crisis has hit the child care industry especially …
Without Child Care, the Economy Does Not Recover
America needs child care relief to keep the industry afloat during the nation’s economic recovery from the COVID-19 pandemic. The disastrous economic crisis has hit the child care industry especially …
House Appropriations and Ways & Means Democrats Introduce Child Care Recovery Legislation
Yesterday, House Appropriations Committee Chairwoman Nita M. Lowey (D-NY), House Ways and Means Committee Chairman Richard E. Neal (D-MA), Worker and Family Support Subcommittee Chairman Danny K. Davis (D-IL), Congresswoman …
Working Families are Losing Access to Child Care as Providers Struggle to Stay Open
America needs child care relief to keep the industry afloat during the nation’s economic recovery from the COVID-19 pandemic. The disastrous economic crisis has hit the child care industry especially …
Report: Communities of Color Among Most Disadvantaged in the U.S
Save the Children recently released the first ever analysis and ranking of how each county in America protects and provides for its children. The report revealed that the most disadvantaged …
41 State and Local Chambers of Commerce Urge Congress to Pass Child Care Relief
In a letter sent to Congress this week, 41 state and local Chambers of Commerce urged lawmakers to provide targeted assistance to child care providers in the next COVID-19 recovery …
Kentucky: Federal Support for Early Learning & Care Opportunities
High-quality early childhood education is proven to dramatically improve a child’s opportunities for a better future—particularly children from low-income families—while offering parents improved job stability and overall economic security. To …
Kansas: Federal Support for Early Learning & Care Opportunities
High-quality early childhood education is proven to dramatically improve a child’s opportunities for a better future—particularly children from low-income families—while offering parents improved job stability and overall economic security. To …
Iowa: Federal Support for Early Learning & Care Opportunities
High-quality early childhood education is proven to dramatically improve a child’s opportunities for a better future—particularly children from low-income families—while offering parents improved job stability and overall economic security. To …
Indiana: Federal Support for Early Learning & Care Opportunities
High-quality early childhood education is proven to dramatically improve a child’s opportunities for a better future—particularly children from low-income families—while offering parents improved job stability and overall economic security. To …
Illinois: Federal Support for Early Learning & Care Opportunities
High-quality early childhood education is proven to dramatically improve a child’s opportunities for a better future—particularly children from low-income families—while offering parents improved job stability and overall economic security. To …
