It’s More Expensive To NOT Educate A Child

Education is expensive, right?

Especially in the United States, and especially when we talk about higher education, high cost is consistently an issue. There are communities all over the world struggle to find the best way to educate their children at a reasonable price. In some areas, individual communities vote on school budgets, in others, the (larger) government takes the lead. In others, there’s not a lot of choice or voice in the matter at all. But wallets, taxes, and bills aside, there’s something else to consider.

Not getting an education is even more expensive than getting one.

The handy infographic below from Results For Development shows the highlights from a new report on the cost of out of school children. Their focus is on the developing world, but consider that the same idea applies in the developed world, too – especially when you look at lifetime earnings. Keep reading to learn more.

How Much Do Out Of School Children Cost ?

  • Many children across the globe are still out of school despite many efforts (and gains).
  • In 2000, 102 million children were not in school
  • In 2011, 57 million children were not in school
  • Because they don’t benefit from primary education, these out of school children will earn significantly less over the course of their lifetime, contributing to economic losses for their countries. This long term cost greatly outweighs the cost of providing universal primary education.
  • In all of the countries surveyed, the long term economic cost outweighed the cost of offering primary education as a percentage of the GDP.
  • In some countries, the economic loss exceeds a full year of average economic growth.

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1 Comment

  1. Varun

    December 5, 2013 at 6:19 am

    Thanks for the study and analysis! Pretty insightful. Hope this inspires people reading it.