OECD Society at a glance 2014: alarming decrease in national public education spending
The OECD has just published its biennal overview of social indicators focusing on “The crisis and its aftermath”, showing that more than five years after the economic downturn, high rates of joblessness and income losses are worsening social conditions in many OECD countries. Like latest Commission research (see Social Europe 2014), the study shows that those neither in employment nor in education and training (NEETs) have significantly increased in OECD countries since the start of the crisis. The report highlights this critical situation as reducing self-sufficiency and employability chances of young people. It also comprises an indicator on education spending and reveals that its share of public funding decreased from 2000 to 2010 in those same countries – data confirmed by the Education and training Monitor 2013 stating that sixteen Member States decreased their education expenditure at some stage between 2008 and 2011.