on the same ear of corn are not long friends." – French proverb
THE ECONOMIC IMPACT OF CHILD CARE
The National Child Care Association, an Exchange Strategic Partner, just released
the results of its study, "The National Economic Impacts of the Child Care
Sector." Interesting findings include...
* In 2001, Americans spent approximately $38 billion a year on licensed child
care programs....Expenditures on licensed care will be even higher in 2002 --
likely exceeding $41 billion. As a result...the sector creates enough income to
support approximately 2.8 million direct, indirect and induced jobs, of which
about 1/3 are in the child care industry itself. In addition, the sector generates
almost $9 billion in tax revenues.
* The licensed child care industry directly employs more Americans than public
secondary schools, and is directly responsible for twice as many jobs as the farming
* Child care provides an essential infrastructure which enables mothers and fathers
to be employed outside the home, and earn necessary income. By making it possible
for parents to work, the formal child care sector enables Americans to earn more
than $100 billion annually.
To view and print an executive summary of the NCCA study, go to http://www.NCCAnet.org.
Watch for a trend report,"A Profile of Child Care Arrangements in the United
States," in the upcoming November issue of Child Care Information Exchange.
To subscribe to Exchange, go to www.ChildCareExchange.com