Education Spending: Where Are Our Priorities?
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 weâ€™re spending, and what it compares to.
Every year, we spend 1.06 trillion on education. That may not seem like a large number, however, itâ€™s more than the GDPs of countries like Australia, Iran, Saudi Arabia, Poland, and many more. 16 percent of government spending is dedicated to education. This infographic details just what else that 84 percent goes towards. When you look at the amount we spend on education, compared to the GDP of the nation, you get 5.4 percent. When you look at what percentage of GDPs other countries spend on education, a disappointing result awaits. The United States spends a much smaller chunk than many other countries. And we see the consequences of that in our graduate rates, as only 43.13 percent of 25-34 year olds obtain a higher education, and only 77 percent graduate high school.
While we may not be the best country when it comes to funding education, however, a solid education is one important way to overcome poverty. Today, 60 percent of jobs require a degree. The median weekly earnings for an individual with a high school diploma, compared to the median wages of an individual with a bachelorâ€™s degree show just how much further a higher education can get you.
Feel free to like, share, and comment on this infographic from www.topeducationdegrees.org entitled â€śEducation Spending: Where Are Our Priorities?â€ť