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The annual cost to raise a child in New Jersey is $26,870, according to a new SmartAsset study. That includes $13,674 for childcare, $4,054 in additional housing and $2,068 for food.
In 2020, the average cost of child care was over $10,000 a year, according to a report by Child Care Aware, a national network of more than 400 child care agencies.
Because the credit is fully refundable for 2021, low- and moderate-income families will receive the full value of the credit towards their eligible child care expenses regardless of how much they ...
Child Poverty Action Group’s annual cost of a child report looks at how much it costs families to provide a minimum socially acceptable standard of living for their children. The 2022 report shows the cost of raising a child from birth to 18 years old as £157,562 for a couple family or £208,735 for a single parent/guardian.
Beyond ruling that New Jersey needed to allocate more funds to preschools in low-income communities in order to reach "educational adequacy", the Supreme court also authorized the state department of education to cooperate "with… existing early childhood and daycare programs in the community" to implement universal access. [10]
A 2005 longitudinal study of 123 3 and 4-year-old black children conducted a cost-benefit analysis, reports that for every $1 invested in preschool education, there is a return on the investment of $12.90. [4]
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