Biden Unveils $775 Billion ‘Caregiving’ Economy Plan For Expanded Child and Elder Care


Presumptive Democratic nominee Joe Biden on Tuesday unveiled part three of his economic recovery plan that calls for a $775 billion spending to expand and improve caregiving programs for children, the elderly, and people with disabilities.

“If we truly want to reward work in this country,  we have to ease the financial burden of care that families are carrying. And we have to elevate the compensation, benefits, and dignity of caregiving workers and early childhood educators,” Biden said. “We are trapped in a caregiving crisis within an economic crisis within a public health crisis.”

Biden detailed his plan in a speech Tuesday afternoon in New Castle, Delaware. Dubbed the “21st Century Caregiving and Education Workforce” plan, Biden’s proposal would cost $775 billion over 10 years to rebuild and fortify the nation’s caregiving economy, focusing on daycare in early childhood, in-home elder care and long-term care for the disabled.