Higher education is on the rise throughout the world. While one in five adults had received a college degree is the year 2000, by 2012, one in three adults in developing countries throughout the globe hold such educational qualifications. Based on data accumulated by the Organization for Co-operation and Development (OECD), 24/7 Wall Street has published its latest list of the most educated countries in the world.
The results of the study reveal that the most educated populations are usually in nations where tertiary education – higher education – is highest. However, there are cases where high spending is not part of the mix for a well-educated population. Spending on tertiary education in six of the ten most educated countries was higher than the OECD average spending of $13,957.
For example, tertiary education in the United States – which made the list – spends $26,021 per student. That figure is the highest that any nation spends on education. The director for education skills at the OECD, Andreas Schleicher, asserts that education in the United States has become much more expensive in recent times. In recent years, it is claimed, that student debt burdens have hit levels that are described as troubling.
On the other side of the cost issue, however, United States residents with higher degrees earn a great deal more income than persons without with less education. Therefore, in spite of the high costs, higher education in the United States is deemed a good investment, according to Schleicher. Of course, governmentally, higher education becomes a good investment for the nation because people make more money and contribute more to taxes.
The Ten Most Educated Countries in the World 2014
- Russia (52.8 percent of its population has tertiary education)
- Canada (52.6 percent)
- Japan (46.6 percent)
- Israel (46.4 percent)
- United States (43.1 percent)
- Korea (41.7 percent)
- Australia (41.3 percent)
- United Kingdom (41 percent)
- New Zealand (40.8 percent)
- Ireland (39.7 percent)
The method used to rank the ten most educated countries in the world included a review of the 10 countries with the highest proportions of residents, aged 25 to 75, with a tertiary education in 2012. According to Yahoo! News, the data was part of the OECD’s 2014 Education at a Glance report. Of the countries considered for the top 10 were 34 OECD member countries as well as ten non-OECD nations.