August 26th, 2020

Cheaper childcare could boost economy by $11b a year: Grattan Institute.


Working mums could add $150,000 more to their lifetime earnings if the federal government subsidised the cost of childcare more, with new research promising an $11 billion-a-year boost to the economic recovery by helping women back into the workforce.

The new scheme proposed by the Grattan Institute recommends the government spends $5 billion to increase the childcare subsidy up to 95 per cent from 85 per cent, resulting in 60 per cent of families paying $20 a day or less for each child. The support would be tapered for households earning more than $68,000.

Read more: Jennifer Duke in Sydney Morning Herald