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Study: US education spending tops global list

from CBS News

The United States spends more than other developed nations on its students' education each year, with parents and private foundations picking up more of the costs, an international survey released Tuesday found. Despite the spending, U.S. students still trail their rivals on international tests. The Organization for Economic Cooperation and Development — which groups the world's most developed countries — writes in its annual report that brand-new and experienced teachers alike in the United States out-earn most of their counterparts around the globe. But U.S. salaries have not risen at the same pace as other nations. more


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