According to the graph below, in 1995 spending per student was approx $8,600 and in 2010 it was approx. $11,600 per student. That is an increase of 35% ($11,600 minus $8,600 = $3,000. $3,000/$8,600 X 100 = 35%) in 15 years.
|Source: Carpe Diem|
A 35% increase in spending per student and a student population growth of only 10% in 15 years.
I really don't think we spend too little on primary and secondary education in the US. I just think collectively we make really bad decisions on how we allocate that money. Something about priorities being misplaced. But that is just me...