This brief lays out how care impacts economic recovery, family economic security and asset building, equity and justice, and the well-being of children, older adults, and people with disabilities.
COVID-19 highlighted the importance of caregivers, as parents have become remote learning facilitators and professional caregivers have become front-line workers.
Investing $77.5 billion per year in the care economy would support more than two million new jobs— 22.5 million new jobs over 10 years. And that number does not include return of family caregivers to the workforce, enabled by adequate support.
A $77.5 billion annual investment in new jobs translates into $220 billion in new economic activity.
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