This article was contributed by freelance writer Sally Phillips
For every parent, our children are the center of our worlds. We ensure we buy them the warmest clothing and try to get them to eat the healthiest foods, in the hope of doing what is best for them. We start savings accounts and put away money to make sure they are taken care of later in life.
While we may have the obvious needs covered, there is one that we should pay particular attention to: their education. Investing in your child’s education is not only good for them; it is a plus for the entire country. By investing in education, you are helping the future of everyone in the country.
There has been great progress in the development of education in the past few years. Many companies and substantial figures in the world such as Jason Sugarman and the Sugarman Family Trust have joined the education cause by raising or donating millions to organizations working to ensure that every child has access to a basic education.
However, there is still a lot of work to be done. In 2015, over 120 million children were out of school globally. In America, 1.2 million kids do not finish school and 25 percent of them are high school dropouts. So why is this issue more important than ever? Well, here are some reasons.
Why Investing in Our Children’s Education is The Best Thing We Can Do
Studies from Unicef showed that each additional year of education that a child receives increases the country’s GDP by 18 percent. Not only do well-educated children go on to become productive members of the American workforce, they earn an average of $1 million more over their lifetime compared to an individual who did not graduate. By investing in our children we are investing in our economy and by extension our own futures.
Investment in education also means reduced costs for the government later down the line. Every year, the government loses $200 billion in lifetime earning and also pays over $1 billion in crime costs. This is in addition to the social benefits the government pays. Since children who do not finish school are much less likely to be employed.
By ensuring all children have access to education, we can ensure increased contribution to the economy, job growth and increased state taxes received through these increased jobs.An investment in knowledge pays the best interest. ~Benjamin Franklin #quoteClick To Tweet
Developing Human Resources
Every parent sees endless potential in their child and our children dream of becoming the leaders of tomorrow. To encourage and support them becoming the scientists and doctors they dream of, we need to provide the support they need to develop their mental and intellectual abilities. Our children will be the ones to come up with the ideas to lead us forward in the future. So why not give the proper tools from early childhood? Education does that.
An additional benefit of educating our children is that it leads to higher self-confidence. Children who attend school develop confidence in themselves and in their learning abilities. They also build strong lasting relationships well into their adult lives.
High school dropouts are shown to commit about 75 percent of the crime in the United States. Not only does this threaten public security but it also affects the quality of life for these individuals. Children of individuals who do not finish school are more likely to carry on the cycle.
The cost to the government of America for incarceration costs for one individual is over twice the amount it costs to educate one child. This proves economically, it is better to invest in children’s education and schools. And in the long run, see increased benefits including increased per capita income, declined crime rates. And less government spending.
Employment/Standard of Living
Children who do not graduate are three times more likely to remain unemployed. In today’s progressive age, entry-level jobs that ungraduated individuals could have gotten are now automated and the need for a basic education has increased tenfold. Even with a job, their earning potential is diminished greatly by earning $8,000 less than those with a high school diploma. This translates to a lower standard of living for them and their families, as they struggle to find employment and support their families.
The job market is only going to get harder for individuals with low levels of education. That’s because 65% of jobs in 2020 requiring some form of education or training after high school according to a study by Georgetown Center on Education and Workshop.
With all that we stand to gain from investing in our children’s education, it is clear that making sure every child has an education should be a priority. Regardless of their background or social status. Education has not only become the fourth need in life but it has also firmly cemented itself as a fundamental right for each and every child across America and the world.
So get involved and spread awareness about this basic need for children. We simply cannot afford to leave our children unsupported for their future. After all, they are our future as well.