On the Breadline on £190k a Year

michaels

ringo_24601 wrote: »

BUT... if you read the page, the more 'like for like' equivalent is a £1500 a year difference for people who went to the same uni and had the same socio-economic background; so more like a £24k difference over 16 years (not accounting for inflationary changes or promotions). I suspect the sample size was small for this one, and I inherently distrust all statistics used to create news stories..

I know families who could be sending their kids private, but don't. I know teachers at a very prestigious private school who won't send their kids there (and they get a 2/3rds discount) because they don't want their kids put under unnecessary stress.

If you are already in a decent area, with decent state schools then private may not make much difference to your kids; but if you're in a skuzzy area with bad schools then it will make much more difference.

Yep, typical BBC 'journalism' - a pressure group has come up with a very high 'headline' figure' that happens to chime with the BBC house editorial line so the article leads on this leaving the reader to dig down into the small print to see that actually the 'contolled for other variables' difference is much smaller.

I am very happ yfor my kids to suffer that sort of hit for them not to be the sort of people who think they are better than their peers by dint of the school they went to.

ViolaLass

martinsurrey wrote: »

http://www.bbc.co.uk/news/education-29818363

presented without comment, but with a quote

"A study by the Social Market Foundation for the Sutton Trust, published in July, found UK children who are privately educated are likely to earn almost £200,000 more between the ages of 26 and 42 than those attending state schools."

Thats just 16 years of working...

But is that because they went to private schools or because they came from the kind of families that could afford the private school?

gadgetmind

michaels wrote: »

the sort of people who think they are better than their peers by dint of the school they went to.

I've seen/heard very little of that in the UK (but not saying doesn't happen) but it's very common in the USA.

controversy

Article is so funny.

I wonder how much you could make as an Accountant in London by providing services to non-financial literate high earners.

This couple have a over extended financial plan and all it will take is a small increase in interest rate to put them into a perpetual debt crisis.

setmefree2

Evidence that some Private Schools aren't worth the money.

More than 100 private schools served with improvement notices, figures show

The notices highlighting substantial failings with institutions even risking closures if they fail to act

http://www.telegraph.co.uk/education/educationnews/12056990/More-than-100-private-schools-served-with-improvement-notices-figures-show.html

gadgetmind

My daughter's private primary school was criticised by Ofsted for not having any ethnic cooking equipment in the home corner, so they had to buy a wok. These guys will always find something.

michaels

gadgetmind wrote: »

My daughter's private primary school was criticised by Ofsted for not having any ethnic cooking equipment in the home corner, so they had to buy a wok. These guys will always find something.

Must be a bit galling as part of the reason for paying all that money must be to avoid that sort of thing....

gadgetmind

The "Bottom Inspectors" are part of UK culture and money doesn't let you avoid them one little bit.

setmefree2

'Massively' improved state schools threaten private sector

http://www.theguardian.com/education/2016/feb/05/massively-improved-state-schools-threaten-private-sector

UK state schools have improved so much that some private schools may go out of business, the Good Schools Guide says.
When the guide was first published in 1986, it recommended 10 state schools - 4% of its total. This year, about 300 schools (25%) are in the state sector.
Editor Lord Lucas said featured schools were chosen by parents who were more interested in sending their children to state schools now than in the past.

http://www.bbc.co.uk/news/education-35511564

mystic_trev

Nisha Sharma never thought she would consider herself a member of the “squeezed middle”.

Aged 45, she works in IT marketing for a large consumer goods company and lives in a £700,000 house in Croydon, south London. Married with a four-year-old daughter, the combined income of Nisha and her husband nudges £200,000 a year.

Life should be good, yet incredibly, Ms Sharma claims she and her family are struggling.

https://next.ft.com/content/d6f1e58e-20c9-11e6-aa98-db1e01fabc0c

http://www.dailymail.co.uk/news/article-3621238/Couple-claim-struggling-make-ends-meet-200-000-year-cost-schools-living-London-700-000-house.html