EP 60: “The Cost of a Career Break” with Economist Michael Madowitz

Whether you are currently on a career break for caregiving purposes, or considering one in the future, did know there’s a calculator to help you determine the full financial cost of taking that break? In this episode, Carol speaks with Michael Madowitz, Economist at the Center for American Progress and creator of the CAP Calculator. With a curiosity born of his dual role as an economist and new parent, Michael and his mathematician wife sought a quantitative answer to their question about the long-term financial consequences (over and above the cost of childcare or eldercare) of a decision to leave the workforce. Follow Mike at mikemadowitz@twitter and access the calculator at http://interactives.americanprogress.org/childcarecosts/