Biden Issues Executive Order Aiming to Expand Affordable Child and Elder Care
- President Biden signed an executive order directing federal agencies to find ways to make child care and long-term care cheaper and more accessible without new spending.
- The order includes over 50 directives to agencies to improve care systems by lowering costs for families, raising pay for care workers, and improving access to in-home care for groups like veterans.
- Biden proposed over $600 billion in new spending for care programs but has struggled to pass major legislation in a divided Congress.
- The cost of child care has climbed 26% and elder care costs have spiked 40% in a decade straining family budgets and disproportionately impacting women and people of color.
- The order is a step toward Biden's goal of universal preschool and affordable care for all but falls short of fully achieving it without congressional action.