Why is early childhood education important for everyone?
Early childhood education has far-reaching benefits, not just for children, but for society as a whole. By investing in the early years, we create a foundation that supports the well-being of families, strengthens communities, and drives economic growth.
Here’s why:
Happier workforce
It creates a happier and healthier workforce. Early education supports parents, reducing absenteeism and turnover by improving overall wellbeing and mental health. This leads to a more stable and productive workforce.
It establishes a future-ready workforce. Children who receive early education develop crucial social and emotional skills, preparing them to handle future complexities and challenges.
Economic benefits for everyone
There are huge economic benefits. Early childhood education contributes significantly to the economy. It generates $313M in immediate tax revenue and an additional $495M in future tax revenue. This is because parents of children in early education can work more, and these children grow up to earn higher qualifications and wages.
It actually has the potential to reduce public spending. How? There’s a $1,194M reduction in health, welfare, and crime costs. Early education leads to lower rates of obesity and smoking, more people entering the workforce, and fewer involved in the justice system.
It can increase household Incomes. While costs are incurred in childcare fees, overall families benefit significantly, with household incomes increasing by $1,463M. Many parents can work more hours or re-enter the workforce thanks to early childhood education.
It enhances lifetime earnings. Early education boosts lifetime earnings by $997M due to higher academic achievement and qualifications.
Healthier society
It leads to healthier lives! Each year, 8,500 children are less likely to face obesity-related health issues, 2,300 are less likely to become smokers, and 763 are less likely to be incarcerated as adults.
It improves productivity. There’s a $319M increase in productivity from a more educated workforce. Additionally, 4,000 fewer children drop out of school each year because early education provides them with the foundational skills they need to succeed, and often leads to a lifetime love of learning.
These benefits underscore the critical importance of early childhood education for everyone. Investing in our youngest learners is an investment in our future.
At Little Scholars, we are committed to supporting not just the incredible children we have the privilege of educating, but their families.
Through initiatives like our Family Time program, which includes haircuts, quarterly date nights, take-home meals for the children and parents. We also arrange specialist appointments on-site which include optometrist, podiatrist, speech pathologist visits, dentist, and child health nurse appointments.
We believe that by nurturing these relationships and providing high-quality early education, we can help create a brighter future for all.
Book a tour today to see firsthand how Little Scholars can support your family. Visit www.mylittlescholars.com.au to learn more.
