‘The Way to Beat Poverty’

Nicholas Kristof and Sheryl WuDunn, writing for the New York Times:

James Heckman, a Nobel Prize-winning economist at the University of Chicago, says that our society would be better off taking sums we invest in high school and university and redeploying them to help struggling kids in the first five years of life. We certainly would prefer not to cut education budgets of any kind, but if pressed, we would have to agree that $1 billion spent on home visitation for at-risk young mothers would achieve much more in breaking the poverty cycle than the same sum spent on indirect subsidies collected by for-profit universities.

Second, children’s programs are most successful when they leverage the most important — and difficult — job in the world: parenting. Give parents the tools to nurture their child in infancy and the result will be a more self-confident and resilient person for decades to come. It’s far less expensive to coach parents to support children than to maintain prisons years later.