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Featured Advisor

Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management


State: IL

At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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Homeschooling Makes the Grade for Affluent Gen X, Conservative Households

Homeschooling advocates give it the highest marks for allowing parents control over to what their children are exposed.

| BY Donald Liebension

A majority of Affluent households surveyed by Spectrem’s Millionaire Corner do not approve of homeschooling, but for several segments of the population it is given extra credit.

Nearly six-in-ten (56 percent) of Affluent households overall said they do not approve of homeschooling, but among the 44 percent who do, homeschooling gets the highest marks for allowing parents control over to what their children are exposed (59 percent). This is especially appreciated in households with a net worth of to $500,000 (68 percent) compared with their wealthier counterparts (56 percent of Millionaires).

Homeschooled students, as defined by the U.S. Department of Education, are school-age children (ages 5–17) in a grade equivalent to at least kindergarten and not higher than 12th grade who receive instruction at home instead of at a public or private school either all or most of the time. Approximately 3 percent of the school-age population was homeschooled in the 2011–12 school year.

The highest percentage of homeschooled children were white (68 percent), followed by Hispanic (15 percent), Black (8 percent), or Asian or Pacific Islander (4 percent). As with the Affluent households Millionaire Corner surveyed, the highest percentage of homeschooled students’ parents (91 percent) said that they were most concerned about the environment of other schools.

Across age groups, Gen X parents ages 41-50 were most likely to say they approve of homeschooling (53 percent), compared with Millennials who were most likely to disapprove (61 percent). Gen Xers were also most likely to say they like the parental control homeschooling gives them.

There was also an abyss between Affluent liberals who disapprove (71 percent) of homeschooling  and their conservative counterparts who do (60 percent).

In addition to parental control, why do Affluent homeschool advocates prefer this educational option? Almost six-in-ten (56 percent) said it allows their children to work at their own pace, while 43 percent cited faith-based inspiration. Four-in-ten said it keeps children from bad influences as well as provides them with a better education. Thirty-six percent said it reduces exposure to bullying.

These factors are most appreciated in conservative households. Nearly 70 percent advocate homeschooling as a means of parental control over what their children are exposed to, while 55 percent (vs. the 39 percent of Affluent respondents overall) champion it as a way to keep their children from bad influences.  A majority (51 percent) believe it gives their children a better education.