{"id":52044,"date":"2023-12-09T00:19:16","date_gmt":"2023-12-09T00:19:16","guid":{"rendered":"https:\/\/www.firstthingsfirst.org\/?p=52044"},"modified":"2023-12-09T00:19:18","modified_gmt":"2023-12-09T00:19:18","slug":"child-care-shortages-cost-arizona-4-7-billion-every-year","status":"publish","type":"post","link":"https:\/\/www.ftf-stg.magnetry.com\/es\/2023\/12\/child-care-shortages-cost-arizona-4-7-billion-every-year\/","title":{"rendered":"Child care shortages cost Arizona $4.7 billion every year"},"content":{"rendered":"

A newly released report provides updated information that says Arizona loses $4.7 billion each year because of the lack of availability of child care for children from birth to age 5.\u00a0<\/span><\/p>\n

ReadyNation, part of the Council for a Strong America, a bipartisan nonprofit focused on education and child care policy, released a study<\/a> this week that \u201cfound that the lack of adequate child care imposes substantial and long-lasting economic consequences in Arizona. Effects are felt by parents, businesses and the state\u2019s taxpayers, with an annual economic cost of $4.7 billion in lost earnings, productivity and revenue.<\/span><\/p>\n

View ReadyNation Report<\/p>\n

Read the Report<\/p>\n

\u201cThe child care crisis has a magnitude of impact on two generations,\u201d said Jenny Holsman-Tretreault, vice present and general counsel for TPI Composites, Inc., a global wind blades manufacturing company, which is headquartered in Scottsdale. \u201cChild care allows parents to work, supporting their family\u2019s financial future. But research shows that early childhood education also has lasting benefits to children throughout their academic career and into adulthood.\u201d<\/span><\/p>\n

The ReadyNation Arizona study was funded by the Helios Education Foundation. The study commissioned a survey of working parents of children birth to age 5 in Arizona. The survey yielded a representative sample of 306 parents, both mothers and fathers with children birth to age 5.\u00a0<\/span><\/p>\n

Colin Diaz, president and CEO of the Tempe Chamber of Commerce, said that the COVID-19 pandemic changed the way employers and employees look at the workplace.\u00a0\u00a0<\/span><\/p>\n

The lack of available, accessible, affordable child care wreaks havoc on parents\u2019 work lives, with 70% of Arizona parents surveyed reporting that access to child care presented a challenge, the report states. Child care problems decreased parents\u2019 effort and productivity at work, undermining their job stability. More than half of parents reported being late for work, leaving work early or being distracted at work due to child care problems. Nearly two-thirds reported missing a full day of work, while 28% of parents reported quitting a job due to child care problems.<\/span><\/p>\n

\u201cFamilies are losing on average $6,320 (annually) for working parents in regards to loss wages if there\u2019s not adequate child care around,\u201d Diaz said. \u201cI\u2019ve seen it time and time and again with staff that we have and also some of our members who are working with a skeleton crew because they\u2019ve got child care issues that pop up.\u201d\u00a0<\/span><\/p>\n

From the business owner’s point of view, on average businesses lose $2,020 per working parent annually through reduced revenue and in extra hiring costs. As a whole, the annual burden on Arizona businesses is $958 million. Arizona taxpayers, over the course of a year, lose out on $725 million in lower income tax and sales tax revenue. Add to it the $3 billion per year that Arizona families lose in forgone earnings and job search expenses, it totals $4.7 billion.<\/span><\/p>\n

ReadyNation Arizona called on local elected state and federal policymakers to continue to prioritize child care and access for others. Since 2006, ReadyNation members have made the case for effective, bipartisan investments in children as the future workforce that will drive success in the global marketplace.\u00a0<\/span><\/p>\n

\u201cWith wise investments, policymakers can improve life outcomes for thousands of Arizona children today and strengthen our state\u2019s workforce and economy both now and in the years to come,\u201d the report said.\u00a0<\/span><\/p>","protected":false},"excerpt":{"rendered":"

A newly released report says Arizona loses $4.7 billion each year because of the lack of availability of child care for children under age 5.<\/p>\n","protected":false},"author":6,"featured_media":52045,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[92,97],"class_list":["post-52044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-child-care","tag-az-communities"],"acf":[],"yoast_head":"\nChild care shortages cost Arizona $4.7 billion every year<\/title>\n<meta name=\"description\" content=\"A newly released report says Arizona loses $4.7 billion each year because of the lack of availability of child care for children under age 5.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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