There are few sure investments in this chaotic economic climate, but on a national level, education has proven to pay off big down the road. As tight economic times have put the squeeze on education budgets here in the U.S., a new report shows the big benefits of even small investments in early education worldwide.
For every dollar invested in boosting preschool enrollment, middle- and low-income countries would see a return of some $6.40 to $17.60, according to a new analysis published September 22 in The Lancet. “Early childhood is the most effective and cost-effective time to ensure that all children develop to their full potential,” noted the authors, led by Patrice Engle, of California Polytechnic State University. “The returns on investment in early child development are substantial.”
If just a quarter of the kids from 73 middle- and low-income countries attended one year of preschool, it would generate some $10.6 billion additional money down the road thanks to increased potential and earning capabilities of those children once they become adults.
The effect of this extra schooling might be felt for generations. Preschool has been shown to boost school attendance and achievement later in life. And that suggests, “in turn, children who remain—and succeed—in school are more likely to earn higher incomes as adults and to provide better nutrition, health care, stimulation and educational opportunities to their own children,” Anthony Lake, executive director of UNICEF, wrote in an essay in the same issue of The Lancet.
Good case supporting my model, cite this