U.S. Economy Would Benefit From Better Math Skills

An economist from the Hoover Institution, Eric A. Hanushek, estimates that the U.S. economy would grow 4.5% more in the next 20 years if our students’ math and science skills were as good as the rest of the world's. This statement would come as a shock to most Americans who believe that our students' skills ARE among the best in the world.

In fact, nearly half of those in a recent Associated Press poll said that American students’ achievement test scores are the same as or better than those of children in other industrialized nations. Furthermore, 90% of them recognized that education helps economic growth.

The truth is shocking. The U.S. ranks near the bottom in a survey of students’ math skills in 30 industrialized countries. Instead of knowing and confronting the facts, most Americans are in denial. In fact, the same survey showed that while one-third believed THEIR schools were excellent, only one-sixth believe the same of any other schools. (Source: WSJ, Americans See Education Benefits, but Don’t Realize U.S. Falling Behind, June 27, 2008)

What It Means to You

The U.S. economy is losing its competitive edge partly due to poor math skills. This leads to job outsourcing, lower production of durable goods, and lower GDP. Poor educational standards affect not just parents, but everyone in the economy.

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