How Much do YOU Spend on Education
Last year we posted about a minor uproar in South Korea where parents and some goovernment officials were taking the government to task for not spending enough on education. It wasn’t about the amount spent — rather parents felt that they had to pick up the slack for government’s inadequacies. Private spending in that country is about the same as public funding and the argument was that those private expenditures were eating into too much of a family income and causing a big burden.
In a similar vein, we noted with interest some figures reported in a Pearson press release relating to their investment in 2 companies in India. Just like South Korea, India spend about 3.7% of their GDP on Education. In India, this means approximately $120 billion. Private spending there is reported at $50 billion (USD) for services, tutoring and other educational related offerings annually.
While not the same 1:1 ratio as Korea — that’s a lot of money. And a lot of opportunity.





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