Source: LA Times
In one such study, infusions of dollars to poor school districts, as a result of court-ordered reform, led to a 10% increase in the predicted graduation rate for students from low-income families and a projected 10% rise in their lifetime earnings. Other research found that increasing K-12 spending by 10% added a half-year of schooling and a wage boost of nearly 10%. “A 22 percent increase in per-pupil spending,” the study concluded “is [estimated to be] large enough to eliminate the education gap between children from low-income and nonpoor families.”