Looking at Early Childhood Education from an economic point of view can be very interesting: brain science tells us that supporting children when they are very young is a lot more cost-efficient than waiting until they are school-aged. This is the conclusion of a recently published report from the Bridespan Group and the Pritzker Children's Initiative.
"1. Ninety percent of physical brain development occurs in the first three years of life, when a baby forms 700 new neural connections per second.These are the 10 of the most important findings of the report:
2. When a young child enters kindergarten ready for school, there is an 82 percent chance that child will master basic skills by age 11, compared with a 45 percent chance for children who are not school ready.
3. Later in life, at-risk children who do not get high-quality early childhood experiences are 25 percent more likely to drop out of school, 40 percent more likely to become teen parents, and 60 percent less likely to attend college.
4. Comprehensive early interventions that combine health, nutrition, and learning have the potential to reduce risk factors associated with chronic diseases, such as hypertension and high blood sugar, well into adulthood.
5. Investment in high-quality early childhood programs for at-risk children from birth to age five delivers a 7–10 percent [annual] return on investment through better education, health, social and economic outcomes, increased productivity, and the reduced need for social spending.
6. Lifetime earnings gains from increased enrollment in early childhood education would outweigh the costs of these programs (the estimated gain in lifetime income per participant is $9,166 to $30,851 after subtracting the cost of the programs).
7. Combined annual per capita public spending at the state and federal level on education for six- to eighteen-year-olds is nearly four times as high as spending on children from birth to five.
8. The United States ranks 31st in a group of 32 developed nations in the percentage of public education dollars allocated to early childhood.
9. Evidence-based home visitation programs reached only 115,000 children in 2014, an estimated 2.5 percent of the need.
10. Over the 2011–12 school year, the proportion of children in three- and four-star [child-care and education] centers with age-appropriate skills increased from 33 percent to nearly 66 percent."
Read the full article here: http://www.bloomberg.com/news/articles/2015-10-21/ten-reasons-why-early-childhood-education-pays-off