Partnering to help our students: Access to high-quality education builds a stronger Pa. economy

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High-quality education is one of the best investments Pennsylvania can make in its future. It will create more economic opportunity for residents and do more to strengthen the state’s overall economy than anything else.

Just how does investing in schools help our economy?

For every $1 a state spends on early childhood education, $8 to $16 is returned to the community.Research shows that investing in education at all levels yields long-term economic benefits for U.S. workers and the broader economy.

Early childhood education: High-quality early education is well worth the investment. For every $1 a state spends on these programs, $8 to $16 is returned to the community.[1]

High school: Students who obtain their high school diploma earn $8,000 more annually than dropouts.[2]

Higher education: Workers with college and graduate degrees earn even more. Earning a bachelor’s degree can add nearly $21,000 annually to a worker’s salary.[3]

The Takeaway: By investing in quality K-12 public education, working to slow the growth of college tuition, and offering universal preschool programs, Pennsylvania can increase the educational attainment — and economic opportunity — of its population.

PA trails behind other states in school funding

PA is looking at a $2 billion deficit

Who will suffer most?

$1 billion in school funding cuts led to drastic consequences

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Footnotes

1 “Early childhood development: Economic development with a high public return,” Federal Reserve Bank of Minneapolis

2 “A Well-Educated Workforce Is Key to State Prosperity,” Economic Policy Institute, citing Current Population Survey, 2012 Annual Social and Economic Supplement

3 “A Well-Educated Workforce Is Key to State Prosperity,” Economic Policy Institute, citing Current Population Survey, 2012 Annual Social and Economic Supplement

  

  

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