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Where Are Our Priorities?

WHERE ARE OUR PRIORITIES? Everyone says education is important, but how does it stack up in the face of other major national priorities, and are we getting as much out of our educational system as other countries? WHAT WE SPEND Federal, state and local governments spend a lot of money every year on education – more thana trillion bucks, in fact. Let's look at education spending and how it relates to what else we're paying for. $106 That's more than the national GDPS of: () Australia Iran TRILLION Tax dollars spent on education, including primary, secondary and higher education (") Saudi Arabia Poland Taiwan We spend a lot, sure, but we also have a lot of money. How does our spending stack up with other priorities? Proportion of federal, state and local government spending (2014) 19% 20.3% 16% PENSIONS HEALTHCARE EDUCATION 13% 8.3% 6.6% OTHER SPENDING DEFENSE WELFARE 54% 4.9% 4.1% 2.6% GENERAL GOVERNMENT INTEREST TRANSPORTATION PROTECTION What about when you take into account what we produce as a nation? Education spending as a percentage of GDP by decade (1) 5.4% 6.1% 5.7% 5.4% 47% 5.3% 4% 4% 2.6% 15% 1% 1.25% Education spending as a percentage of GDP (2) 1900s 1920s 1930s 1940s 1950s 1960s 1970s 1980s 1990s 2000s 2010s WHAT OTHER COUNTRIES SPEND How does the 5.4% of GDP that wespend on education compare with what other countries spend? Public expenditures on educationasa percentage of GDP (2) KEY 9%- 13% 6% - 8.9% 3% -5.9% 2% - 2.9% 0% -1.9% IS IT WORTH THE MONEY? We've seen how much taxpayers spend on education. So what do we get out of it? Find out how the U.S.stacks up when it comes to educational outcomes. 25-to 34-year-olds with higher education (3) SOUTH KOREA 63.82% 58.70% 56.71% 56.46% JAPAN CANADA RUSSIA 47.20% 46.91% 46.81% IRELAND UNITED KINGDOM NORWAY NEW ZEALAND 46.05% 45.04% 44.62% 43,13% 43,01% 42.87% 41.30% 39.81% 39.78% 39.21% 39.16% 38.58% ISRAEL AUSTRALIA UNITED STATES FRANCE SWEDEN CHILE SWITZERLAND NETHERLANDS POLAND SPAIN DENMARK 32.52% GREECE 28.11% 27.67% 26.92% 25.12% 22.54% 21.17% 20.98% 18.87% HUNGARY GERMANY PORTUGAL CZECH REPUBLIC MEXICO AUSTRIA ITALY TURKEY 12,74% BRAZIL 10 70 Percentage of population completing high school-level education () 95.58% 92.91 g0 92AS% 87.73% 88.07% 81.93% 80.85% 84.73% BA./32.15% 79.65% 7935% 7.69% 78,66% 70.0 76.33% /744% 675.43% 73.13% 67.939% 67.52% 64.1896 South Korea United Kingdom Greece Austria Turkey BETTER THAN THE ALTERNATIVE The U.S. educational system may not produce the best outcomes, particularly relative to how much is spent, but education is still perhaps the single best way to escape from poverty and better your lot in life. Median weekly earnings (4) Jobs requiring higher education (5) 60% Bachelor's degree $1.066 Today 26% g High school | $652 1970 SOURCES 1. http://www.usgovernmentspending.com 2. https://www.cla.gov 3. http://www.oecd.org 4. http://www.bls.gov 5. http://americanradioworks.publicradio.org topeducationdegrees.org Germar Netherlands Denmark Crech Republic UNITED STATES uapams

Where Are Our Priorities?

shared by christopherpnauman on Apr 24
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When it comes to national spending, the amount allotted to education can be the source of heated debates. www.topeducationdegrees.org has created an infographic showing just how much we’re spending,...

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