Education for the Real World

Overview

Despite spending $20,387 per pupil—third highest among developed nations—American students rank 28th in math among OECD countries. Our 2023 TIMSS scores were the lowest ever recorded since testing began in 1995. Student loan debt has reached $1.81 trillion with a 10% delinquency rate. Meanwhile, we face a shortage of 439,000 skilled trade workers in construction alone. Only 30 states require financial literacy for graduation. We're failing to prepare young Americans for the modern economy.

The Challenge

The US produces 820,000 STEM graduates annually while China produces 3.57 million. 78% of Americans live paycheck to paycheck, yet most never learned basic budgeting in school. The skilled trades face critical shortages while we push everyone toward four-year degrees that often leave graduates in debt without job prospects. School choice research shows mixed results—charter schools generally improve outcomes, but voucher programs have shown test score declines in multiple studies. We need evidence-based solutions.

The Solution

Mandate financial literacy in all high schools covering budgeting, investing, credit, taxes, and avoiding predatory lending—30 states now require this, up from just 6 in 2019. Double vocational and technical education funding to address the 439,000+ worker shortage. Support school choice programs that demonstrate results while protecting public school funding and requiring accountability for all schools receiving public funds. Expand STEM programs with focus on AI and advanced manufacturing. Create apprenticeship programs with industry partners.

Expected Impact

• Require financial literacy courses in all 50 states (currently 30)

• Double vocational education funding to address skilled worker shortage

• Support evidence-based school choice with accountability requirements

• Expand STEM programs to improve from 28th place in global math rankings

• Create 500,000 new apprenticeship positions with industry partners

• Reform student loans with income-based caps and improved counseling

• Ensure education prepares students for actual careers, not just credentials