On average, the United States currently spends over $15,000 per student each year, and inflation-adjusted K-12 education spending per student has increased by 280% since 1960. In California, where the previously mentioned football coach resides, inflation-adjusted spending on K-12 education has increased by 129% since 1970. Furthermore, data from the U.S. Census Bureau show that nearly a third of all state budget expenditures go toward education.
This is a particularly pernicious myth in the education debate because increased education spending generally isn’t associated with better results. Stanford University economist Eric Hanushek reviewed nearly 400 studies on the topic and concluded that “there is not a strong or consistent relationship between student performance and school resources.”