The Dumbing Down of the Financial Services Industry’s Future
September 11, 2015 By Jon Henschen, as published on ThinkAdvisor To listen to the Department of Education and the laments of public school system officials you may be left with the impression that our schools are impoverished and can only survive by cutting arts and sports programs in order to stay within budget. Statistics point out a different reality: while we now spend private-school amounts on public school students, performance results are getting worse, not better. As I’ll argue later on, this decreasing performance has big implications for our industry. For now, let’s start by addressing the overall performance issue using the chart below: Spending More and Getting Less Since 1970, K-12 spending has gone up astronomically (from approximately $55,000 per student to $165,000) while test scores have remained flat or gone down.The author of the Cato...