Caregivers Value Child Care Benefits Over 401(k), National Study Shows

" This study reveals two significant findings: caregivers prioritize child care benefits over a 401, and every dollar invested in caregiving benefits yields a return on investment of nearly 18 times.

Lauren Smith Brody, CEO of The Fifth Trimester, shares her thoughts on why caregivers prioritize child care benefits over a 401: “Without child care benefits, many parents are faced with leaving their careers entirely. And no earnings means no retirement savings at all. With child care and other family-supportive benefits in place, they can stay in and do so much more than just tread water. They want to stay and grow, our research found, specifically because of their kids.

The findings emphasize the significant impact of caregiving support on both individuals and companies. External business engagements present challenges for caregivers, hindering their participation in travel or community activities beyond standard work hours. However, proactive measures such as backup child care provisions and flexible work schedules enable employees to manage their responsibilities effectively, resulting in increased productivity and job satisfaction.

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