Investing in infant care boosts brains, equity and economy - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
November 10, 2019 Newswires
Share
Share
Post
Email

Investing in infant care boosts brains, equity and economy

Herald-Tribune, The (Sarasota, FL)

Nov. 10--What do parking spaces in Manhattan, 1982 Bordeaux and early childhood care have in common?

They're rare and expensive.

What sets early child care apart is its impact on families and the economy at large.

The average cost of full-time infant care in child care centers is $9,589 a year, topping the average cost of in-state college tuition. That is nearly 20% of median household incomes -- twice what the U.S. Department of Health and Human Services considers affordable.

It's also scarce, and when shopping for a place to entrust their baby, parents' questions about safety and staff can dwindle to "do you have a spot?" since approximately half the country has too few licensed child care options.

As a result, families have to make tough decisions that often rest heaviest on mothers' shoulders.

"The system is pushing a lot of women out of the workforce not because they want to leave it, but because they have no choice due to the cost of early child care. Economists have said support for new mothers would have a huge impact on the GDP, increase spending and grow the economy," said Rakeem Malik, senior policy analyst for Early Childhood Policy at the Center for American Progress and author of a recent report analyzing the economic effects of access to child care for families with children younger than 3.

"Employers want it too because they lose their parent employees or find they're stressed and not performing well," he added.

The lack of access to affordable early child care costs businesses about $4.4 billion a year in lost productivity and working families $8.3 billion in lost wages.

The report signals it as one of the main reasons the U.S. trails other economically developed nations when it comes to female labor force participation.

Malik points to a dated mentality that assumes mothers will be able to leave the work force until school kicks in.

But often mothers forgo those costs for a patchwork of care from neighbors, friends, family members and unlicensed care centers in homes.

Only about one-quarter of children younger than 3 attend licensed child care centers.

Also dated is the failure to apply new, deeper understanding about the first years of life and the role of early quality child care in optimizing them.

During those years, the brain undergoes the biggest growth spurt it will ever see, with millions of neuron connections made daily.

"Infants should be in a developmentally appropriate environment. That's difficult work to do with an eye toward early cognitive development and takes experience and knowledge. A friend or family member may be trustworthy and caring, but they may not have that understanding," Malik said.

An exhaustive body of research shows that investments in quality early child care yield big returns, benefiting literacy, kindergarten readiness, high school graduation rates and even health and economic outcomes.

The Childcare for Working Families Act aims to create a federal policy that will provide high-quality, affordable child care to all parents, but remains stalled in Congress.

For now, the Child Care and Development Block Grant is the only source of federal funding for child care subsidies for low-income working families to fund access to quality child care, but only one in six eligible infants are receiving them.

It's also underfunded, and many states don't reimburse providers enough to participate in the program.

"It's something every voter and politician says is a critical investment with a good return on the dollar, but we've failed to invest in it yet. We'll see more sacrifices and losses for families and employers until we get there," Malik said.

This story comes from Aspirations Journalism, an initiative of The Patterson Foundation and Sarasota Herald-Tribune to inform, inspire and engage the community to take action on issues related to Age-Friendly Sarasota, Suncoast Campaign for Grade-Level Reading, National Council on Aging's 100 Million Healthier Lives and the Suncoast Nursing Action Coalition.

___

(c)2019 Sarasota Herald-Tribune, Fla.

Visit Sarasota Herald-Tribune, Fla. at www.heraldtribune.com

Distributed by Tribune Content Agency, LLC.

Older

Kaiser Permanente chairman and CEO Bernard Tyson, 60, dies unexpectedly

Newer

Zipwhip Joins Guidewire PartnerConnect Solution Alliance Program; Publishes Ready for Guidewire Accelerator

Advisor News

  • Retirement is increasingly defined by a secure income stream
  • Addressing the ‘menopause tax:’ A guide for advisors with female clients
  • Alternative investments in 401(k)s: What advisors must know
  • The modern advisor: Merging income, insurance, and investments
  • Financial shocks, caregiving gaps and inflation pressures persist
More Advisor News

Annuity News

  • NAIC annuity guidance updates divide insurance and advisory groups
  • Retirement is increasingly defined by a secure income stream
  • Beyond the S&P 500: The case for RILA diversification
  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Monday Session
  • Aspida Life and WealthVest Offer a Powerful New Guaranteed Income Product with the WealthLock® Income Builder
More Annuity News

Health/Employee Benefits News

  • CMS announces moratorium on new Medicare hospice/home health enrollment
  • EXPANDING MEDICAID COVERAGE LOWERED DEATH RATES FOR YOUNG ADULTS WITH KIDNEY FAILURE
  • Insurance won’t cover Ozempic? WA court sparks discrimination debate
  • Illinois Quick Hits: Gas tops $5 a gallon
  • Humana Invests More Than $1 Million to Advance Health Outcomes Across Louisiana
More Health/Employee Benefits News

Life Insurance News

  • New Empathy and LIMRA Research: The Overlooked Opportunity to Engage the Next Generation After an Insurance Payout
  • Symetra Names Jeff Sealey Vice President, Stop Loss Captives
  • 3 ways AI can help close the gap for women’s insurance coverage
  • Best’s Market Segment Report: AM Best Revises Outlook on Italy’s Life Insurance Segment to Stable From Negative
  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Monday Session
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

Inside the Evolution of Index-Linked Investing
Hear from top issuers and allocators driving growth in index-linked solutions.

Press Releases

  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
  • Hexure Offers Real-Time Case Status Visibility and Enhanced Post-Issue Servicing in FireLight Through Expanded DTCC Partnership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet