"Investing" in Education
Friday, March 27th, 2009
“Investing” in education is really spending on education; it isn’t an investment in much:
Many people believe that lack of funding is a problem in public education,but historical trends show that American spending on public education is at an all-time high. Between 1994 and 2004, average per-pupil expenditures in American public schools have increased by 23.5 percent (adjusted for inflation). Between 1984 and 2004, real expenditures per pupil increased by 49 percent. These increases follow the historical trend of ever-increasing real per-student expenditures in the nation’s public schools. In fact, the per-pupil expenditures in 1970–1971 ($4,060) were less than half of per-pupil expenditures in 2005–2006 ($9,266) after adjusting for inflation.