As many American parents know, hiring care for young children during the workday is punishingly expensive, costing the typical family about a third of its income.
Helping parents pay for that care would be expensive for society, too. Yet recent studies show that of any policy aimed to help struggling families, aid for high-quality care has the biggest economic payoff for parents and their children — and even their grandchildren. It has the biggest positive effect on women’s employment and pay. It’s especially helpful for low-income families, because it can propel generations of children toward increased earnings, better jobs, improved health, more education and decreased criminal activity as adults.