Does Money Matter? A Look at the Age-Old Debate on the Importance of Resources in Education
In 2011-12, the U.S. spent $621 billion on education, or about $12,401 per student. Relative to other countries in the Organization for Economic Cooperation and Development (OECD), the U.S. spends 35% more on K-12 education and nearly twice as much on post-secondary education. Also, since 1970, education spending in the U.S. has more than doubled. …