Investing in early childhood education is, in a word, smart.
I like to think of it as an investment — like putting money in my 401k for retirement. Sure, I could just spend my paycheck how I like now, but that only benefits me in the short term! What will happen when I’m ready to retire? The same thinking applies to early childhood education. Put resources into our children now so that we all benefit in the future.
Did you know that early childhood education is a smarter investment than the average stock? The annualized rate of return for preschool spending is between 7 and 10 percent compared to the stock market’s average of 5.8 percent annually. And that’s just the beginning.
Children who receive quality early childhood education are 24 percent more likely to own a home resulting in billions in tax revenue. They’re also 50 percent more likely to have a savings account and 20 percent more likely to own a car.
Grown-ups with a strong early childhood education background average 50 percent more income and are 14 percent more likely to be employed.
If those facts and figures aren’t enough for you, then maybe something closer to home will persuade you. Because of their success as adults, every $1 invested in early childhood education saves taxpayers up to $13 in future costs. In Galveston, we quibble over a penny here and a penny there in tax increases, and rightfully so! Thirteen dollars return on every dollar is one heck of a savings when it comes to our taxes. Early childhood education for our youngest Galvestonians is the smartest investment we can make.
This smart investment is why Galveston Sustainable Communities Alliance is proud to bring exciting early education programs like ReadyRosie, a free email service that utilizes daily 2-3 minute videos that inspire activities for adults to do with children each day during the course of their regular routine.
The unique digital video service will be offered free to Galvestonians beginning in December.
A preview party introducing the ReadyRosie program will take place on Dec. 3 at 6 p.m. at Stuttgarden Tavern on The Strand, 2110 The Strand.