The Wall Street Oasis community is a pretty ambitious group. We have a decent amount of people that are quite intelligent as well. I’m sure we all hang out with people that equally are intelligent too. But it seems as if the average American student is “getting stupid”. Maybe Mac Dre is too heavy in their IPod rotation. Pun intended.
I remember I was bored one day and decided to watch BET. A caller called in to request a song to be played. It seemed like nothing out of the ordinary. The abbreviation Ind. appeared on the in-studio TV (caller was from there). The host glanced at the TV screen and referred Ind. as Indianapolis. She didn’t even correct herself to say Indiana. And even worse she referred to it as Indianapolis multiple times. All I could do is shake my head.
Was it a harmless mistake or is America just ignorant? What can’t be argued is that in the fiscal year of 2010, good ol’ Uncle Sam spent 602.6 Billion Dollars on Education. (Zero Hedge) What’s our IRR for the money we throw at schools?
It’s about as high as Mini-Me’s vertical. Bloomberg published an article that described the Class of 2012’s SAT scores. “Bloomberg News's Janet Lorin reports that American high-schoolers bombed on the SAT this year, with the average critical reading score falling 1 point to 496 from a year earlier, the lowest since data became available in 1972. The average score for writing dropped 1 point to 488, the lowest since the section was added in 2006. (Math scores held steady.)” (Bloomberg)
Ok, what about those who do make it to college? The United States is ranked 16 among developed countries that are 25-34 year olds with college degrees. We use to be number 1. 42% of college students drop out and never get their bachelors. It leaves the student in debt with no degree. What a great investment. The drop out college student is also 4 times more likely to default on their loans.
I remember when I was in college all I cared about was women, boozing and raging. It was the same way in high school too. From personal experience, I can attest that most students care more about their ‘rep’ than their GPA. Yet the quiet, smart kid that rarely socialized got offers from PIMCO and Goldman Sachs. Most American high school and college kids really need to rehash their priorities.
All this leads me to wonder where the real disconnect is between the billions of dollars spent and kids (particularly minorities) not being prepared for college.
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