The childcare crisis isn’t just a family issue – it’s a massive economic problem. Businesses lose billions every year because working parents cannot access reliable, affordable childcare. And lack of investment in the early years causes talent shortages in the longer-term.
More than a quarter of parents have been forced to quit their jobs or abandon their education due to soaring childcare costs, according to a global survey of over 7,000 parents and childcare workers.
The U.S. Chamber of Commerce Foundation reports that businesses alone lose $3 billion annually due to employee absenteeism caused by childcare breakdowns.
A report from Moms First and McKinsey & Company estimates that $840 billion in economic output is lost due to women’s diminished workforce participation.
Companies that invest in childcare solutions aren’t just supporting families – they’re protecting their bottom line and strengthening the economy. The question isn’t whether we can afford to fix this crisis. It’s whether businesses can afford not to.
Our report, based on research across the U.S. and around the world, makes an urgent case: The business community needs to broaden its focus to the youngest children to help transform not only their education but their health, employability, and all-around contribution to their communities and the wider world.
Join a diverse international coalition of experts, advocates, civil society and business leaders – including Roger Federer, Sesame Workshop, The LEGO Foundation – all committed to ending the global early years crisis.
Read this case study to learn how global insurer and asset manager Generali Group, has taken a unique approach to supporting families with children aged 0-6 who live in vulnerable circumstances.
