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by linhir
6088 days ago
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Just FYI, nominal price figures over time are pretty meaningless due to inflation. What cost $2670 in 1961 would cost $19,226.05 in 2008 (BLS calculator: http://data.bls.gov/cgi-bin/cpicalc.pl), which means that expenditure per pupil, in real terms has decreased quite a bit. Based on that same calculator, the amount of money we are spending now is $1,304 in 1961 dollars, far below the 2.6k you mention. |
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