Fed Chair Bernanke: Education is a Good Investment

If you are reading this blog, you probably already know that education
is a good investment because most readers have devoted their life to
education in some form or another. But, just in case you had any
remaining doubts, the nation's top economist has confirmed your
suspicions.

         

 Education is the best investment not only for workers but also for the
economy in a time of continuing competitive strain, Federal Reserve
Chairman Ben Bernanke said Monday.

"Education lifelong education for everyone from toddlers to
workers well advanced in their careers is indeed an excellent
investment for individuals and society as a whole," said Bernanke. He
spent most of his professional life as a teacher and is married to one. ...

Although the United States has long been a leader in expanding
educational opportunities, it also has long grappled with challenges
such as troubling high-school dropout rates, particularly for minority
and immigrant youths, as well as frustratingly slow and uneven progress
in raising test scores, he said.

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While
this comes as no surprise to educators or lawyers that work for
educators, apparently in some of the nation's governing bodies this
fact is not so clear ... as schools are consistently underfunded and
the price of higher education is continuing to rise beyond the
affordability point for many young Americans even at public schools.
So, next time you are in a debate about school funding ... know that
you have the economists on your side.