Bernanke: Education Is Best Investment

Jeannine Aversa:

Education is the best investment not only for workers but also for the economy in a time of continuing competitive strain, Federal Reserve Chairman Ben Bernanke said Monday.

"Education - lifelong education for everyone - from toddlers to workers well advanced in their careers - is indeed an excellent investment for individuals and society as a whole," said Bernanke. He spent most of his professional life as a teacher and is married to one.

Economists have long recognized that the skills of the work force are an important source of economic growth, the Fed chairman said in a speech.

Although the United States has long been a leader in expanding educational opportunities, it also has long grappled with challenges such as troubling high-school dropout rates, particularly for minority and immigrant youths, as well as frustratingly slow and uneven progress in raising test scores, he said.

Posted by Jim Zellmer at September 25, 2007 12:00 AM
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