Education is a lifeline, not a luxury.
Education remains an important part in addressing the larger issue of poverty and the reason is simple. When any child fails to acquire the basic skills needed to function as a productive, responsible member of society, society as a whole—not to mention the individual child—loses. The cost of educating children is far outweighed by the cost of not educating them.
It Reduces Poverty - If all students in low-income countries left school with basic reading skills, 171 million people could be lifted out of poverty. This is equal to a 12% cut in global poverty.
It Raises Wages - One extra year of schooling increases an individual's earnings by up to 10% and each additional year of schooling raises average annual gross domestic product (GDP) growth by 0.37%.
It Promotes Peace - If the enrollment rate for secondary schooling is 10 percentage points higher than the average, the risk of war is reduced by about 3 percentage points. People are also much more likely to engage in democratic processes if they're literate.
It improves health - If all mothers completed primary education, maternal deaths would be reduced by two-thirds, saving 189,000 lives. The rates of malnourishment and preventable disease in children would also drop considerably.
It protects girls - If all girls had secondary education, child marriage would drop by 64%. Each additional year of education after primary school reduces the probability of accidental pregnancy by 7.3% and can increase a woman's earnings by 10% to 20%.
Education doesn't have to be fancy to be effective. The benefits of receiving an education are vital to both individuals and community's social and economic development. While progress has been made by enrolling kids in school this doesn't always translate into learning to read, write, count and gain relevant life skills.