Posted on 09/30/2014 1:14:20 PM PDT by Olog-hai
Education is supposed to help bridge the gap between the wealthiest people and everyone else. […]
Wealthier parents have been stepping up education spending so aggressively that they’re widening the nation’s wealth gap. When the Great Recession struck in late 2007 and squeezed most family budgets, the top 10 percent of earners—with incomes averaging $253,146—went in a different direction: They doubled down on their kids’ futures.
Their average education spending per child jumped 35 percent to $5,210 a year during the recession compared with the two preceding years—and they sustained that faster pace through the recovery. For the remaining 90 percent of households, such spending averaged around a flat $1,000, according to research by Emory University sociologist Sabino Kornrich.
“People at the top just have so much income now that they’re easily able to spend more on their kids,” Kornrich said. …
(Excerpt) Read more at hosted.ap.org ...
In addition, public schools, on average, are more expensive than private schools. The story focuses on a handful of elite private schools in the $30,000-plus range. Such schools do indeed exist, but they are atypical.
I live in DC. This year's Census Bureau report on public school financing showed that DC public schools have total revenues just shy of $30,000 per pupil. That is far in excess of the tuition at all but a handful of the local private schools, and is not far short of Sidwell Friends, etc. DC is the most expensive system in the country, of course, which just goes to show that money alone doesn't buy quality.
Fully agree here; I don’t think as infants, they worked so they could afford a mansion as adolescents.
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It is? That's the purpose of education?
Dismantle the public school system.
So, if people have the income to afford a better education for their kids - is that something to be ashamed of?
Seems to me that these parents are choosing a better value than that of spending on vices or extravagant entertainment, clothes, etc. They ought to be applauded.
The Great Recession in 2007?
I’m still calling it the Great Obama Depression.
Good observations.
“I call BS on that. “
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I’m sorry I didn’t make myself understood.
I’m talking ONLY about a $38,000.00 pre-school,not private schools.
This type of school is a snob thing.
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It would be nice if parents who pay for their own children's education could get some sort of tax break. But I ain't holding my breath.
Education is expensive - but so is the alternative. If you are in high spirits and just have too much optimism let me refer you to an historic study that will be sure to take a lot of wind out of your sails (the link is l o n g so I’ll post at the end). The paper is called The Early Catastrophe. It’s a long read (required reading for a course I took long ago). Still good info. I have 3 children. I tell people I could have had 3 very nice houses but instead I have three very nice children each with a good education ;- ) We are not rich. Wife and I still pinch pennies but I have no regrets investing in my daughter and my 2 sons. More and more parents are going to have to take a very serious look at how to educate their children. There really are alternatives. It is a little bleak when you are struggling to put food on the table and roof over your head but there are some really good and interesting things happening in education that may help break open the strangle hold the left has in this arena and the failure public ed has turned out to be. The state of FL is making some baby steps in this area. Too much to go into here. Anyway, here’s the link:
People that can afford it send their kids to schools where they might have a chance to actually learn something useful? Shocking! President Beeblebrox needs to hear about this....no, wait....
Excessively high tuition isn’t about bragging rights per se, it’s about exclusivity. Just like super expensive restaurants. It makes it a private club without it being a private club.
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