Study: US education spending tops global list
WASHINGTON - The United States spends more than other developed nations on its students' education each year.
That's according to an international survey released Tuesday.
The Organization for Economic Cooperation and Development - which groups the world's most developed countries - also writes in its annual report that both brand-new and experienced teachers in the United States out-earn most of their counterparts around the globe.
The U.S. spent more than $11,000 per elementary student in 2010 and more than $12,000 per high school student.
When researchers factored in the cost for college or career training, the U.S. spent more than $15,000 on each young person in the system - more than any other nation covered in the report.
Despite the spending, U.S. students still trail their rivals on international tests.