Friday, June 22, 2007
The Money Myth "Schools perform poorly because the need more money."
At the end of WWII the US spent $1214 (inflation adjusted for 2001-2002 dollars) per student for those in elementary and secondary schools. By 2001-2002 we were spending a total of $8745. That is an 8 fold increase. From 1971/1972 to 2001-2002 spending doubled from $4479 per student to $8745 per student with no increase in student performance.*
*To learn more about this education myth and other myths we recommend the book Education Myths What Special-Interest Groups Want YOU to BELIEVE about our SCHOOLS - AND WHY IT ISN'T SO.