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Fed Chair Bernanke: Education is a Good Investment

By Justin Bathon

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.

Full post as published by Edjurist on September 24, 2007 (boomark / email).