This is a great article about what is happening in education in the US with many, many more people in the middle class than the bottom. The point is that in the US, we are seeing a drastic increase in the number of people who become unemployed as well as the number of people who are underemployed, which is another way of saying that the majority of Americans are not in the middle class.
To make matters worse, this is starting to look like a national crisis because of the amount of money that is being spent on education. In the US, education is basically free, but the money that goes towards education is spent on things like computers, education software, and textbooks. So where does all that money go? Education in the US is increasingly being used to pay for things like cable television, car insurance, and housing.
I’m not saying that there isn’t an economic crisis going on. But it does seem as though the cost of education is out of control. In the US, the average amount of money spent on education is somewhere around $16,000. So the average person could save $16,000 if they made every day worth $16,000. But they would be spending more on food, clothing, and other necessities than spending on education.
In other countries, the average amount spent on education is lower, with the average amount spent per student in the US being around 10,000. So for example, if the average amount of money spent on education in the US was 10,000, that means the average person could save 10,000 and still spend 5,000 on food.
The actual amount expended on education is around 70,000. So the average person could spend 70,000 and then spend the rest of his/her time on education if he doesn’t need it. And there would be no more food, clothes, or other things for him to spend on education, and he could still be able to spend his time on education at a more affordable rate.