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High-income families are spending more time and money than ever before on their children’s education, further widening the gulf between rich and poor students, according to a new report.
High-income families have always invested more in education, but they now spend seven times more a year on average than a low income family, up from four times in the 1970s, according to the report. These families now spend as much as $9,000 annually on private tutoring, SAT prep courses, computers, and other activities, compared to about $1,300 for low-income families.
The advantages that money can buy on tests and college applications have become so great that they threaten to undermine the American ideal of education as the great leveler, the report said.