Wealthy parents are paying to have their kids homeschooled by professionals for up to 5 hours a day, and it shows how the pandemic is widening the gaps in America’s education system

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K-12 students have been educated online since March, and parents fear they are falling behind.

With most schools across the US closed since March to slow the spread of the coronavirus, some ultrawealthy parents are hiring private educators to make sure their kids don’t fall behind.

Some of these educators are former teachers or people who have degrees in education, and they charge between $25 and $60 an hour for their services.

Some parents may continue to employ these professionals to homeschool their kids even after schools reopen in the fall in case the US experiences a second wave of the coronavirus, as some experts expect.

Educators are concerned that lower-income families’ lack of internet access will further widen the achievement gap between rich and poor students when schools eventually reopen.

Continue reading… “Wealthy parents are paying to have their kids homeschooled by professionals for up to 5 hours a day, and it shows how the pandemic is widening the gaps in America’s education system”

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Soaring second home ownership hitting young people

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The number of British people who own a second home, buy-to-let or overseas property has doubled since 2001, says think tank the Resolution Foundation.

  • While the number of millennials who own a home continues to fall, one in 10 people now own an additional property.
  • Just 37% of people born in the 1980s managed to buy a home at the age of 29, compared with half of those born in the 1960s.
  • Wealth from owning a second home has risen since 2001 to almost £1 trillion.
  • Buy-to-let property is now the most common form of property wealth, having grown by 58% since 2006-08, the report found.

Continue reading… “Soaring second home ownership hitting young people”

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