Childcare subsidies are on the rise, but childcare could be free in Australia
- Increased childcare subsidies could cover up to 90% of a family’s childcare costs.
- A federal study is examining how Australia’s early childhood education and care sector can be made more accessible.
- By getting more women into the workforce, we can increase GDP.
With some paying 90% of childcare fees under the new system and efforts to make childcare in the country more affordable and accessible, the next step is Australia. Some may wonder if there will be universal free childcare for children.
Do you have free daycare?
American parents who put their children in day care put 23 to 50 percent of their income away.
How much do Australian parents spend on childcare?
The maximum household income for those eligible for the subsidy will also increase from approximately $346,000 to $530,000.
From 1 July, more Australians will be eligible for increased childcare subsidies. sauce: Getty / Kebajefimiya
Is free childcare universally possible in Australia’s future?
“So there are no or very few private providers. That’s sort of the difference with Australia. There are some, but the state doesn’t provide childcare,” he said. .
New South Wales Prime Minister Dominic Perrott and Victoria’s Prime Minister Dan Andrews said the revamped system will not only give children the skills they need for school and life, but will also help “hundreds of thousands of working families. He said it was a “revolutionary system” that would bring benefits.
educational and financial benefits
“Free childcare will enable more women to return to work, making a significant contribution to our country’s GDP.”
Affordability and improved access to childcare are expected to boost women’s participation in the workplace. sauce: Getty / west end 61
Accessible childcare and female workforce
“If Australia were able to raise female participation to the same level as male participation, it would boost GDP by 8.7%, or $353 billion, by 2050,” the report said.
https://www.sbs.com.au/news/article/childcare-will-be-cheaper-from-july-in-australia-could-it-ever-be-free/4plyazbez Childcare subsidies are on the rise, but childcare could be free in Australia