My stupid country just went back to pre-2008 levels, and now this. My entire adult life is basically one long period of stagnation.
[0] https://www.brookings.edu/wp-content/uploads/2016/07/1_how_m...
There’s a $2,000 per child federal tax credit. That’s 25% of that number just off the bat.
Here’s a link which claims we spend $12,000 per child in 2005 just on education. [1]
Based on what we spend on education, which apparently is the second highest in the world... I have a hard time concluding we are under-investing.
Keep in mind the majority of spending on elderly is social security, which is a mandatory retirement program that every worker paid into.
Even if that's the case, I'm not sure most Americans are getting the education they need. Maybe that takes even more money, maybe that takes more effective investment of that money, maybe it takes something else.
The economic outlook of my generation, the millenials, nearly all hard at work already, isn't looking so hot, and I fear that the next generation's chances look more grim.