Would you take this deal? Buy one year of college, get three more for no additional cost. A no-brainer, right? That’s similar to what happens when society invests in early childhood programs such as high quality child care, Head Start, Early Head Start, and home visiting programs. For every dollar spent, between two and four dollars are returned to the economy in various ways.
So says a new report released by the RAND Corporation, which studied the outcomes from 115 early education programs. Investing Early follows up on RAND’s 2005 review of early childhood programs. The report looks at a larger and more diverse set of early childhood interventions, including health-focused programs, community-based interventions, and programs that take a “two-generation approach” by working with children and their parents. Investing Early looks at the connections between early childhood programs and a broad set of individual and societal outcomes. It highlights health outcomes specifically and also evaluates the financial costs and benefits of investing in early childhood programs.