Election time is upon us again, and we keep hearing the phrase “all elections are local,” meaning how you and I vote depends on what is affecting us in our communities.

More profoundly, elections determine how we mold America’s future and that too comes down to local issues.

French journalist Jean-Jacques Servan-Schreiber, who wrote The American Challenge in 1967 about the dominance of the free-enterprise system, noted that the United States has a unique advantage over the rest of the world—its education system.

And there’s nothing more local than that.

Americans have access to educational opportunities unlike anywhere else in the world, whether it’s public or private high schools, technical or trade institutions, community colleges or universities. During the past half-century, college graduates grew from 8% of the U.S. population to just under 38%, nearly a four-fold increase.

During those decades, American innovation also exploded. Consider how computer chips have transformed commerce around the world—from iPhones to space exploration.

AMG continually emphasizes that U.S. economic growth is dependent on labor-force growth and productivity increases. But Baby Boomers are retiring, and population growth is slowing, meaning America must have productivity growth to offset declines in worker numbers.

Productivity comes through technological advances and education increases, from preschool to post-graduate programs. Unfortunately, the system is failing in the lower levels. Across the country, about a quarter of black and Hispanic students aren’t graduating from high schools. In some rural areas, kids of all races are struggling.

Education decline is a local issue. And that’s where the answers must come from.

Wish to Support Local Education?

To book a free consultation with an AMG Advisor call 800-999-2190 or email with the best day and time to reach you.


AMG’s opinions are subject to change without notice, and this report may not be updated to reflect changes in opinion. Forecasts, estimates, and certain other information contained herein are based on proprietary research and should not be considered investment advice or a recommendation to buy, sell or hold any particular security, strategy, or investment product.

Related Articles

See All

Fed Risks Recession When Cleaning Up Sticky Inflation

March 23, 2023
45 min watch / 2 min read
Brief: Wealth Management, Global Economy, Financial Markets & Investing, Alternative Investments
Read More

Kremlin vs. Kyiv: Impact on the Global Economy Weakens

March 7, 2023
5 min read
Brief: Global Economy
Read More

Notes on the Economy – Q1 2023 Summary

March 2, 2023
3 min read
Brief: Financial Markets & Investing, Wealth Management, Global Economy
Read More

Get the latest in Research & Insights

Sign up to receive a weekly email summary of new articles posted to AMG Research & Insights.