This report will explore the economic potential of an accessible, affordable, and high-quality child care system in the United States. The report begins by reviewing the research on how early care and education can boost short-term growth by facilitating labor force participation among parents. The report then discusses the significant long-term economic growth potential of high-quality care as it pertains to childhood development, school readiness, and other socioeconomic outcomes. It then analyzes how the United States can unlock this growth potential through greater public investment. The report closes with a discussion of the overarching benefits of policies that aim to address the child care crisis and set the U.S. economy on the path for sustainable, broad-based growth. The bottom line: Addressing the child care crisis can improve families’ immediate economic security and well-being while accelerating U.S. economic growth in the long term. (author abstract)
The child care economy: How investments in early care and education can fuel U.S. economic growth immediately and over the long term
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