Impact of the Economy on Education

[Administrator’s note:  This article is a stub.  You can help the Interlock Project by expanding it – see the Participation page for more information on contributing to the Interlock Project.]

Education is severely impacted by the economy, although much of the effects go through Government Budgets first.  Because so much of the nation’s educational system is subsidized by the government, any drop in tax revenue means that governments at all levels are going to be under a great deal of pressure to cut costs, and education is an easy (albeit massively short-sighted) way to cut down on bills.  One of the positive effects of a downturn in the economy is that people who lose their jobs often turn to education as a way to get ahead after the downturn is over – although this is increasingly becoming a dangerous gamble because of the rising cost of education.


Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s