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The Sort of Rich Feel Left Out Because of Skyrocketing Mega Rich Private School Tuition

During the Occupy movement, a very clear dual distinction was made: there was the 1% and then there was the rest of us. But is it possible that the lower tier of the one percent is feeling slighted by the .001%? As ridiculous as this sounds, many lower-upper class and middle-upper class individuals are expressing […]

The Sort of Rich Feel Left Out Because of Skyrocketing Mega Rich Private School Tuition

During the Occupy movement, a very clear dual distinction was made: there was the 1% and then there was the rest of us.

But is it possible that the lower tier of the one percent is feeling slighted by the .001%?

As ridiculous as this sounds, many lower-upper class and middle-upper class individuals are expressing frustrations at the exorbitantly expensive and financially exclusive private schools that are popping up and rapidly expanding all over the country.

As it is, private school is considered a luxury. Within the United States, only 24% of schools are private institutions, and they are comprised of only 10% of K-12 students.

For the average American, any private school is expensive, ranging from $20,000-35,000 a year for a typical private school.

For $35,000 a year, a parent can guarantee their child a solid and comprehensive education with access to a great deal of facilities and resources, and a class ratio of approximately 16 students to one teacher.

But mega-rich private schools, however, are anything but typical.

Take New York’s Brearley School, for example. According to Slate the private school just began building a new state-of-the-art science department, a school auditorium, and a gymnasium.

The current tuition totals at about $43,000 per year.

And this is no isolated incident. In fact, private schools around the country are in a current state of expansion, and with that, already high tuition costs are climbing even higher.

So much, in fact, that financial advisers and small-time CEOs are simply unable to afford enrollment.

While their children’s educational future will probably be more than just fine, Slate reports that the financial exclusivity leads to a malaise among the lower-upper class, feeling as if they have to settle below the seemingly unattainable.

According to Matt Miller, a senior fellow at the Center for American Progress, this economic disparity between the wealthy and the super wealthy is likely to ignite feelings of unrest.

He tells Fortune, “a revolt against extreme inequality will be led by posh professionals.”

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Author: 1938 News

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