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| Benefits of Investing in Kids |
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Investing in young children:Yields a high rate of return on investment • Economists at the Minneapolis Federal Reserve calculate that early childhood education produces an inflation-adjusted annual return of 16%. • Every dollar invested in pre-school produces $8.74 in benefits to society. Spurs community economic development • Strong life and job skills are critical factors in fostering economic development and attracting industry. • Early childhood education is a large, growing industry employing over 14,000 people in the St. Louis metro area. • The availability of child care enables 48,000 other workers to get, keep and be productive at their jobs. Provides economic opportunity for individuals • Children who receive a quality early childhood education are more likely to succeed in school and, as a result, earn a good income, own their own home and pay taxes. Improves the quality of community life • Investing in the positive development of all children reduces educational failure, crime, drug use and violence---while lowering costs for health care, social services and remedial education. • Today’s children are tomorrow’s leaders of society and our future workforce. How we develop our children today shapes the St. Louis region of tomorrow. |
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“Early interventions have lasting effects. The early years are important for early learning. Social skills and motivation also are more easily improved, those factors are as important to success in school and the workplace as IQ.” James J. Heckman, Ph.D. Nobel Laureate in Economic Sciences University of Chicago |
