The latest on the list is education. We have been paying more and more for education, the cost will keep increasing. Check this story in Economic Times, a survey conducted under the aegis of the Social Development Foundation of Assocham on ‘Rising school expenses vis-a-vis dilemma of young parents.’ The cost of school education has risen by a whopping 160% in the last 8 years. And this is, believe it or not, excluding tuition fees. Most middle class parents today spend a significant part of their income on their children’s education.
Some mind boggling numbers from the report:
Annual Expense for a single child
- Risen from 25,000 in 2000 to 65,000 in 2008 (excluding tuition fees)
- Tuition Fess 35,000
- Another 30,000-35,000 more for a host of 'overheads'
If this is what good education actually costs, I wonder what our government schools, which offer “free education” are actually dishing out to the vast majority of children in India.