Losing a day of child care might not work outside of rural areas. But so far, parents are among the biggest supporters of four-day week https://t.co/2ABYCPOPuU ...

When you get into a conversation with CEOs, they want to hear data. They want to hear facts. And I have watched him evolve and grow over the last eight months where we had conversations last week, one on housing, one on child care, where he was there with a pen and a notebook, taking notes, asking questions, and coming back with very substantive responses.So he has absorbed a lot and is now digging deep on these issues that um you know Ken Griffin expressed concern about the fact that uh he made a lot you k ...

Government Initiative Analysis - The initiative provides $1,000 for every newborn between 2025 and 2028, invested in the stock market, accessible at age 18 [1][4] - Parents can add an additional $5,000 per year to the account [1] - Concerns exist whether the program primarily benefits wealthy families as a tax shelter rather than aiding low-income children [2] Program Limitations - A $1,000 initial investment may not significantly impact college savings or home down payments for struggling families [5] - The account has a 10% penalty for withdrawals not used for specified purposes and is subject to taxes, making it less attractive than other investment schemes [8] - Middle and upper-class families may find better, more tax-efficient savings vehicles [9] Proposed Improvements - Suggestions include disproportionately funding accounts for families in low-income areas or those on Medicare to close the wealth gap [6] - The account should be tax-free and grow disproportionately for families that need it most [9] - Need financing vehicles to build dense apartment complexes quickly [21] Broader Economic Context - The initiative may shift responsibility onto individuals for economic planning instead of systemic solutions [10] - Billionaire philanthropy, like Michael Dell's donation, is a "band-aid" on the larger issue of wealth and income inequality [13][15] - The current administration's policies, such as lowering tax rates for the wealthy and cutting healthcare funding, contradict the initiative's goals [12]

Poverty & Childcare - Without government aid, 25% of New Mexico's children live in poverty [1] - All families in New Mexico are now eligible for subsidized childcare [1]

The best evidence on the impact of free (or almost free) universal from-birth child care indicates that it can harm children. How can this be? We examine it https://t.co/1sLbm5IyDn ...

Election Analysis - The election turnout is considered extraordinary, potentially the largest in 30 to 40 years [2] - A key message is the need for a government that represents working people and the middle class, addressing issues like housing, child care, transportation, and healthcare affordability [4] - Voters care about affordability, particularly the cost of housing [6] - The idea that everyone should be able to afford housing is not radical [7] Economic Commentary - The top earners in America have never had it so good, while 60% of Americans live paycheck to paycheck [5] - There is significant income and wealth inequality, with one person owning more wealth than the bottom 52% of American society [8] - Giving a trillion dollars in tax breaks to the 1% and throwing 15 million people off healthcare is considered a radical idea [8]

Food Insecurity in the Military - As many as 20% of active duty military service members depend on some sort of food assistance [1] - A 30% to 35% surge in need was observed at food pantries immediately after the shutdown [2] - Nearly 26% of active duty service members are considered food insecure [3] - 15% of active duty service members are on food stamps or going to food banks [3] Contributing Factors - Spouses of service members are often underemployed or unemployed at a rate six times the civilian population [4] - Military families are moved every 2 to 3 years, hindering career progression for spouses [5] - Military families are often located in high cost of living areas or remote locations with limited economic opportunities [5] - Child care needs are critically linked to food insecurity within the military [6] Potential Solutions - Addressing the child care piece and enabling spouses to achieve careers is a realistic opportunity [7] - Fixing and funding child care would significantly improve the financial well-being of many American families [9]

Child-Rearing Costs - Raising a child involves significant financial investment [1] - The cost of raising children is a key concern [1] Industry Events - WSJ reporters will host an online Q&A session to discuss child care costs [1]

Economic Concerns & Tax Policy - Raising taxes on the wealthiest New Yorkers, who already pay roughly 15% of their income between city and state taxes, could drive them away [1] - The focus should be on delivering services to constituents by raising the most revenue possible without chasing businesses and high-income taxpayers out of the city [1] - Affordability is a key issue, with many working families being chased out of New York City due to the high cost of housing, groceries, and child care [2] - Raising taxes is not necessarily the answer to affordability issues, as billionaires may leave and spend their money elsewhere [3] Business & Job Creation - Companies like Goldman Sachs are creating new jobs in Dallas, and Blackstone is not building a new headquarters in New York [4] - Making the city more onerous for businesses could lead to a smaller tax revenue pie [9] Housing Market & Affordability - Many people are struggling to pay for housing and groceries [5] - Child care costs of $25,000 per year are a national issue [5] - Increasing housing supply is seen as a way to give young people an opportunity to have their own place [20] - The United States Senate unanimously passed a housing bill to increase housing supply [14][15] - Deregulating everything, including rent stabilization and rent control, could bring down prices in New York [19] - First-time home buyers are now 38 years old, compared to 28 years old in the 1980s and 1990s [20]

Workforce Participation & Gender Roles - Young women's workforce participation is near record rates, exceeding previous generations [1] - Approximately 78% of women in their 20s and 30s are employed [2] - A growing percentage of prime-age men are taking on more caregiving responsibilities at home [2][3] - The percentage of men ages 25 to 34 not working because they're caregivers has doubled since 2001 [5] Economic & Social Implications - Increased workforce participation and equitable caregiving create opportunities for wage parity [6] - The existing child care system, already under strain, will face increased pressure [5] - Families and the economy thrive when both women are in the workforce and men are caregiving [7] Policy & Systemic Needs - Policies like paid leave and child care are crucial to support the changing dynamics of work and gender roles [7] - Systems need to adapt to the generational realignment in work and gender roles [7][8] - Government and society need to catch up with the evolving values surrounding work and caregiving [7]