[Lmresearch] New CED report--The Economic Promise of Investing in High-Quality Preschool

[Russell W. Rumberger]

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           The Economic Promise of Investing in High-Quality Preschool

            The Committee for Economic Development (CED), a voice for leaders in business and education, has a long history of supporting early education for our nation's youngest students. This report builds on CED's previous work in early education by providing the economic evidence that justifies increasing investments in preschool.  They study finds that preschool programs:

              a.. Offer societal benefits that far outweigh program costs by improving the later education, employment, earnings, and crime outcomes of students who attend preschool. Extending preschool programs to all students could yield $2 to $4 in net present-value benefits for every dollar invested. Preschool investments for just one age cohort of students could generate as much as $150 billion in net present-value benefits to the United States.
              b.. Improve the fiscal position of states and the nation by reducing education and criminaljustice costs, while boosting income-tax revenues. Of the fiscal benefits expected from new state investments in preschool, more than 70 percent are attributable to cost savings in crime and K-12 education. For every dollar spent on preschool, states are projected to recoup 50 to 85 cents in reduced crime costs and 36 to 77 cents in school savings.
              c.. Contribute to long-term economic growth and development for states and the nation. Preschool programs would boost long-term economic growth; by 2080, gross domestic product could be higher by 3.5 percent, or more than $2 trillion in today's dollars.3 Preschool also increases the long-run employment level of states by more than twice as much as traditional economic development programs.
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            [Education/national/child care] 


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