August 28, 2012
LOWER EDUCATION BUBBLE UPDATE: “Education special interest groups, such as the teachers unions, are experiencing a decline in membership.” Plus this:
Students headed back to school this fall will have historically high levels of dollars spent on them in the public school system. Nationally, average per-pupil spending exceeds $11,400 this year, meaning a child entering kindergarten today can expect to have no less than $148,000 spent on his or her education by the time the child graduates high school. In all, more than $570 billion will be spent on public K-12 education this year.
Sadly, continual increases in the money spent per child and in overall spending haven’t led to increases in academic achievement.
Which is why increasing numbers of parents, at all income levels, are fleeing the public schools.