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The Boston Globe

Business

Wealth gap limits equality of education

High-income families spend 7 times more each year on learning expenses

High-income families are spending more time and money than ever on their children’s education, further widening the gulf between rich and poor students, according to a new report.

High-income families have always invested more in education, but they now spend seven times more a year on average than a low-income family, up from four times in the 1970s, according to the report, coauthored by MIT economics professor Michael Greenstone. These families now spend as much as $9,000 annually on private tutoring, SAT prep courses, computers, and other activities, compared with about $1,300 for low-income families.

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