32 thoughts on “Scott Galloway: Should my kid go to public or private school?”
Depends on your social class (not financial class), higher class will get bullied at state/public schools and lower class at private schools. Not always, but common, so you send them to a low class school, they get bullied will get some inheritance from you and hate poor people for life or you are low class but have money, send them to a high class school, they have a chip on their shoulder feel like an outsider.
The point of private school has nothing to do with the quality of education and everything to do with the network they form. The can still form a good network in a public school but that depends on where that public school is and who’s in. In a private school they are far more likely to interact on a regular basis with children who come from a better class of family due to its cost prohibitive natures. Which means they’re more likely to know successful people as adults whom they hopefully will be good friends with. (And I do mean good friends not fake friends) that said if you haven’t taught your kid how to behave in those circles it’s pointless to send them there. Public school also has mechanisms for finding future leaders and matching them up with other future successful people. Sports, extracurriculars, and AP classes in particular are great for that.
I went and looked at many schools private and public so see if they were safe enough for her to switch from home schooling and guess what they are not safe. They are sitting ducks in any school building right now. Not a risk we are willing to take
After the abysmal failure of our local school district and how poorly they "served" our kids, we pulled them out and put them into a private Christian school and we have no regrets. It is worth it!
It’s starting to occur to me that parents or even Government investing rather small amounts of money in the child’s name on a yearly basis up through age 18 but locking the money up in a compounding index fund until they turn 62 could supplement Social Security extremely well.
I feel sorry for you guys in America, because the public schools are no less than pathetic. My son did a year of public high school in America, and over that entire year of high school English, he wasn't asked to write anything. Just like your health care system, you have the best of things, and the worst of things, with an abyss between rich and poor.
Factoring in the opportunity cost is perhaps something that should be done more often. Great perspective. Also, it is a very narrow group of families that you will mix with is 18% of net household income is 2x £20k (average day school fees for UK)
At one point, America was a world leader in public education. This goes back to the 1600s, when the Puritans were devoted to bible literacy. This also extended to legal literacy, and eventually democracy. It's amazing how we've redefined American exceptionalism, and forgotten what made America exceptional in the first place.
I like Scott G., but I LOVE it when he goes through a Rube Goldberg explanation for why the private sector sucks at delivering basic public needs, like education, housing, transportation, healthcare, etc. Anything except admit that the market for crucial services doesn’t work for most people, even in the wealthiest nation on Earth 👍🏻😊👍🏻
I went to private school growing up until high school when the schools closed. Then off to public school. Loved them both and really glad I went to public before college because it was a life education. Then I taught at public for 28 years and private for 11 years. They say the best education comes if you can send your child to a private school where the teacher has been trained in a public school. I received so much teacher training at public school and a lot less at the private school and always felt like I knew so much more than my colleagues. My son went to a private college and did his graduate work at a public university and said he always appreciated the contrast. It doesn't have to be either or. Mix it up and your child will be fine if you have steady parenting.
I went to a public school in Westchester NY where I would not dream of living today, but taking all advanced class made first year of college a refresher course to chill out a bit. I would put money in bank and do after school tough programs. Private school makes some serious brats.
Besides the fact that special education is a privilege to the public. Private schools offer minimum services because they are not accountable to anyone. They don’t see uniqueness as a good quality.
Depends on your social class (not financial class), higher class will get bullied at state/public schools and lower class at private schools. Not always, but common, so you send them to a low class school, they get bullied will get some inheritance from you and hate poor people for life or you are low class but have money, send them to a high class school, they have a chip on their shoulder feel like an outsider.
Maybe a cynical view.
I think it depends on the neighborhood you live in and absolutely how involved you are in the education of your children
The point of private school has nothing to do with the quality of education and everything to do with the network they form. The can still form a good network in a public school but that depends on where that public school is and who’s in. In a private school they are far more likely to interact on a regular basis with children who come from a better class of family due to its cost prohibitive natures. Which means they’re more likely to know successful people as adults whom they hopefully will be good friends with. (And I do mean good friends not fake friends) that said if you haven’t taught your kid how to behave in those circles it’s pointless to send them there. Public school also has mechanisms for finding future leaders and matching them up with other future successful people. Sports, extracurriculars, and AP classes in particular are great for that.
I luv in Australia single mom and always in search of good money advice, your the goat! Have been listening to you for years, thank you! 🙏
I went and looked at many schools private and public so see if they were safe enough for her to switch from home schooling and guess what they are not safe. They are sitting ducks in any school building right now. Not a risk we are willing to take
Abolish private schools
After the abysmal failure of our local school district and how poorly they "served" our kids, we pulled them out and put them into a private Christian school and we have no regrets. It is worth it!
What a visual/sonic drab/bore. Stop showing your face on camera and public. You’ve got such an arrogant demeanour. It’s obnoxious.
EXPENSIVE THINGS ARE EXPENSIVE?!?!
Good as long as we arent advocating homeschooling which is just a conspiracy theory
School choice is a scam, just funneling more tax dollars to private institutions
The joke of this guy thinking your average family has an extra 13k a year per kid to invest.
It’s starting to occur to me that parents or even Government investing rather small amounts of money in the child’s name on a yearly basis up through age 18 but locking the money up in a compounding index fund until they turn 62 could supplement Social Security extremely well.
I feel sorry for you guys in America, because the public schools are no less than pathetic. My son did a year of public high school in America, and over that entire year of high school English, he wasn't asked to write anything. Just like your health care system, you have the best of things, and the worst of things, with an abyss between rich and poor.
I’m usually a fan, but talking among children and the stock market,as it stands, feels disingenuous.
Factoring in the opportunity cost is perhaps something that should be done more often. Great perspective. Also, it is a very narrow group of families that you will mix with is 18% of net household income is 2x £20k (average day school fees for UK)
Is he assuming a 23ish percent rate of return on investment here to get to that 1.25 mil number? Seems very optimistic.
Private schools in NYC have tuition at 30k to 60k a year.
Oh that picture of Scott with his boys when they were young and wearing glasses just like his! ❤❤❤
At one point, America was a world leader in public education.
This goes back to the 1600s, when the Puritans were devoted to bible literacy.
This also extended to legal literacy, and eventually democracy.
It's amazing how we've redefined American exceptionalism, and forgotten what made America exceptional in the first place.
Good advice.
I like Scott G., but I LOVE it when he goes through a Rube Goldberg explanation for why the private sector sucks at delivering basic public needs, like education, housing, transportation, healthcare, etc. Anything except admit that the market for crucial services doesn’t work for most people, even in the wealthiest nation on Earth 👍🏻😊👍🏻
I went to private school growing up until high school when the schools closed. Then off to public school. Loved them both and really glad I went to public before college because it was a life education. Then I taught at public for 28 years and private for 11 years. They say the best education comes if you can send your child to a private school where the teacher has been trained in a public school. I received so much teacher training at public school and a lot less at the private school and always felt like I knew so much more than my colleagues. My son went to a private college and did his graduate work at a public university and said he always appreciated the contrast. It doesn't have to be either or. Mix it up and your child will be fine if you have steady parenting.
I went to a public school in Westchester NY where I would not dream of living today, but taking all advanced class made first year of college a refresher course to chill out a bit. I would put money in bank and do after school tough programs. Private school makes some serious brats.
Private schools are a cancer on our society by undermining a level playing field and propagating economic segregation.
Besides the fact that special education is a privilege to the public. Private schools offer minimum services because they are not accountable to anyone. They don’t see uniqueness as a good quality.
Some of us were incredibly lucky to have 2 amazing parents who sent us to schools where the teachers were not burdened by the administration.
Those were lifetime gifts.
No amount of money could replace that..
You can also spend a bit of that on tutors where there are gaps.
This is smart advice.
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It depends on the involvement of the parents…