Many Americans are aware that the nation's public education system is bloated, expensive and incompetent, turning out millions of high school graduates who can't read, write or speak well, cannot accurately recite U.S. history, and know very little about civics and government. As a result, more and more Americans are pulling their children out of public schools and either placing them in private secular or religious schools or home-schooling them.
That hasn't traditionally been the case for wealthier Americans, however. For years, most of them have avoided sending their children to public schools, opting instead to send them to pricey, exclusive private schools where they presumably received better educations than their public school counterparts.
All of that seems to be changing now. As reported by CNBC, the wealthy are increasingly pulling their kids out of private schools and opting instead to hire private tutors for in-home instruction.
As the financial news network reported, part of the reason appears to be that competition at elite schools is becoming more fierce – so much so that even an exclusive private education won't adequately prepare the children of the elite...