The return on investment for early childhood development is extraordinary, resulting in better working public schools, more educated workers and less crime. - Art Rolnik, Senior Vice president and Director of Research for the Federal Reserve Bank of Minneapolis
Did you Know...
- 20% of current workers are functionally illiterate.
- Less than half of children in every state are proficient in reading and math.
- 54% of business leaders say they expect to have difficulty finding enough educated employees.
- Children who grow up poor are less likely to work and will have lower earnings as adults.
- By age 3, poor children have less than half the vocabulary as non-poor children.
- Poor parents display greater levels of depressive symptoms which leads to poor parenting skills and lower child achievement.
- If a child is not reading on grade level in first grade, there is a 90% chance he will not read on grade level by grade 4.
- Third grade is a crucial benchmark in academic learning, because it is when children transition from "learning to read" to "reading to learn". Children who are not reading at grade level by the end of the 3rd grade are more likely to drop out of high school.
- In 2006, Alabama workers earned, on average, $6,000 less than the average national income. More than half that gap is due to lower educational attainment and high school dropout.
- Children who attend high quality child care have higher achievement in math and reading through adolescence as well as higher earnings in adulthood.
- Schools can expect to save more than $11,000 per child for children who benefit from high quality early learning experiences because these children are less likely to require special remedial education.
- Quality early learning experiences result in lower remediation, reduced incarceration, more stable employment, lower teen pregnancies, higher education attainment, higher salaries and higher income tax revenues. - The Federal Reserve Bank of Minnesota
- High quality early childhood programs can level the playing field and bridge the achievement gap, reducing the costs for remedial education, dropouts, and other poor outcomes that are drains on our economy.
We can pay now or pay more later!
The Partnership for America's Economic Success suggests the following principles for State and Federal Resource Allocation.
Human Capital: To achieve growth and fiscal sustainability, government should place its greatest emphasis on strengthening the skills and capabilities of every American.
Early Childhood: In developing human capital, our nation should focus especially on children, from before birth to five years of age, and their families.
Evaluation: Return on investment should be a key consideration in public resource allocation decisions.
Transparency: Government should enable citizens to understand and participate in the assessment of all revenue and spending decisions.
Sustainability: State and federal budgets should be viable over the long term.
For more information and research on investing early click here.
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