High Quality Early Education: A Wise Investment
High quality early care and education programs are good for the whole community.
Children
Quality early education programs give children the social, language and numbers skills they need to start kindergarten ready to learn
Children who receive quality early education are less likely to need remedial and special education and grade repetition, and have higher school completion rates
When these children become adults, they are more likely to hold jobs and earn higher salaries
They are less likely to commit crimes and end up on welfare
Parents
Access to affordable early childhood learning programs helps lower income working parents fulfill their responsibilities and provide their families with the best opportunities possible
Parents whose children are enrolled in high quality full-time early care have increased opportunities to obtain employment and training, and earn more annually
The Economy
Quality early care and education builds a productive, better-educated workforce
Every dollar invested in quality early care and education saves taxpayers up to $13.00 in future costs in remedial education, criminal justice, prisons and welfare costs over the next few decades
“Investment in early childhood development yields an extraordinary return, far exceeding the return on most investments, private or public.”
- Art Rolnick and Rob Grunewald, Federal Reserve Bank of Minneapolis
Source: Early Childhood Education for All: A Wise Investment
Recommendations arising from “The Economic Impacts of Childcare and Early Education: Financing Solutions for the Future”, a conference sponsored by Legal Momentum’s Family Initiative and the MIT Workplace Center |