ReadyNation’s new study examining the economic impacts of the nation’s infant-and-toddler child care crisis on working parents, employers, and taxpayers found an annual cost of $122 billion in lost earnings, productivity, and revenue. This figure means that this economic damage has more than doubled in the past four years, likely due to a combination of COVID-19 and insufficient policy action. Using data on the proportion of the US Gross Domestic Product (GDP) and population each state represents, ReadyNation derived an estimate of the economic impact of the infant-and-toddler child care crisis in each state. (author abstract)
The infant-toddler child care crisis exacts a heavy economic toll nationwide: What's the impact in your state?
Description:
Resource Type:
Interactive Tools
Publisher(s):
Country:
United States
State(s)/Territories/Tribal Nation(s):
Illinois;
Maine;
Maryland;
Mississippi;
Pennsylvania;
South Dakota;
Texas
- Related Resources
Related resources include summaries, versions, measures (instruments), or other resources in which the current document plays a part. Research products funded by the Office of Planning, Research, and Evaluation are related to their project records.
- You May Also Like
These resources share similarities with the current selection.
$122 billion: The growing, annual cost of the infant-toddler child care crisis: Impact on families, businesses, and taxpayers has more than doubled since 2018
Fact Sheets & Briefs
Economic impacts of the child care industry
Reports & Papers
Infant/toddler child care system policies and practices: A tool for strengthening infant/toddler care quality
Other