The rich and even the middle class are sending their children to study abroad. So are most of the children who stay in the ordinary 211 schools in China for postgraduate studies, children from poor fa

The rich and even the middle class are sending their children to study abroad. So are most of the children who stay in the ordinary 211 schools in China for postgraduate studies, children from poor families?

Yes.

44.8% of returnees’ monthly income after tax is less than 6,000 yuan, and nearly 70% of returnees’ monthly salary is lower than their expectations. Studying abroad has become something that many parents struggle with.

Studying abroad is different now than it was 20 or 30 years ago. Going abroad is very easy, and the world is a global village.

Does studying abroad require depleting family savings?

There is a popular question on the Internet, "Is it necessary to spend all your parents' savings to study abroad?" The questioner should be from a middle-class family. The family has a house and a car. If the children go to college in China, they can live a comfortable life and buy an apartment as soon as they graduate. But if the children go abroad, they will have to spend all their family savings and spend many more years of hard work.

To be honest, the most difficult thing is for middle-class people. Saving any savings is all hard-earned money. There are two things that the middle class fears most, one is falling back into poverty, and the other is having their children fall out of the middle class. In the final analysis, it comes down to one thing: how to preserve the fruits of the revolution.

So studying abroad is an investment for the middle class. If you can keep your children middle-class by studying abroad, it is a good deal. If not, it's not worth it.

Based on the current situation of overseas students returning to China for employment, it is not cost-effective to only look at academic qualifications without taking into account ability. Studying abroad experience can probably increase your salary by 20%. Therefore, if it is just to send your children abroad to "gold-plating", it is highly not recommended for parents to invest, unless they have connections at home and can arrange a good job.