[WORD_ON_THE_WEB] “The public education system is broken”
CNN reported on Saturday that Korea is the most expensive country to raise a child.
According to an analysis published by Jefferies Financial Group using data from YuWa Population Research, Korea is the most expensive country to raise a child based on percentage of GDP per capita. China comes second, followed by Italy.
The report concludes that Korea and China top the list due to excessive costs of education and childcare. In both countries, parents are also expected to bear the brunt of university tuition fees, rather than students taking out loans to repay later in life.
“These are strange times we live in, where a student cannot even take a course without private tuition. The public education system is broken. Tuition fees are the second factor that breaks the back of the average citizen, after the price of housing.
“The cost of education is the number one problem in Korea. I think my family will have at least 30% more money if we didn’t have to spend so much on private education.
“The gap between rich and poor is so big that it makes a difference in how certain jobs are treated. This makes people desperate for a good college degree, and tuition fees rise accordingly. A normal worker should be able to earn a good living, whatever his job. »
“One of the reasons for this is that workers, especially manufacturers in small industries, have poor working conditions. You should be able to earn a decent living, whatever your job, but that’s not the case now. Parents are therefore redoubling their efforts in private education.
“Korea’s birth rate will never increase if the education system stays the same.”
“This society should stop prioritizing educational background. We need to come up with policies and regulations to solve societal problems like this.
BY LEE SI-YEOUNG, YOO JI-WOO [[email protected]]