Investing in a Post Secondary Education Delivers a Stellar Rate of Return (TD Economics Topic Paper)
Author: TD Bank Group
Topic: Asset building and saving
Publisher: TD Bank Group
Location: Canada
Format: Brief
Content Type: Research
Publication Date: January 31, 2004
The cost of obtaining a post-secondary education has risen rapidly over the last decade, and that price tag is likely to continue to rise faster than the price of inflation. Numerous academic studies show that the higher future income stream resulting from the investment in a post-secondary education is equivalent to an annual return of more than 12 per cent after inflation and taxes. Given these advantages, households should formulate a savings strategy to accommodate future education expenses, includuing making use of RRSP and RESP tax shelters.
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