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New graphs complied by edudemic paint a fascinating illustration about education spending. The graphs show U.S. spending on education and education rankings compared to other countries.
A few highlights:
Spending vs. Outcomes: Does Money Make A Difference?
- The US leads in spending by a LOT – $809.6B per year. The next largest spender is Japan at $160.5B. That’s a pretty huge gap!
- That translates to $7,743 per student in the US
- Finland spends only $10B per year (and is the fifth largest spender per student) but has a 100% literacy rate and the highest rank of math and science scores.
- Australia’s students spend the longest amount of time in school – 21 years.
For the full graphs: http://www.edudemic.com/2013/07/how-12-countries-spend-education-money-…