General Discussion
In reply to the discussion: Our Education System Sucks [View all]NowISeetheLight
(4,002 posts)Its like healthcare. Spend a fortune and get lousy results. Money is being allocated but its going to the wrong things.
I checked out the link you posted. I wish it had more detail. For example is it all education including colleges? If it includes colleges that are for-profit and/or expensive it explains why private spending is so high. Id like to see K-12 expenditures, the numbers of students by category (public vs private) and the overall spending in those groups.
The expenditure on education as a % of GDP in the US was 6.4% in 2020, an increase of 3.8% from the previous year. Between 2010-2020, the expenditure on education as a % of GDP in the United States decreased by 16.7%. In 2020, the US spent more than $1.3 trillion on education, with private education expenditure of $354 billion and public education expenditure of $984 billion.