<p>Hello from Singapore. Parents here (I am talking partners in law firms, for example) take a full year off work to help their children prep for their PSLE (Primary School Leaving Exam) at age 12. Exam results come out soon, and most parents take the day off work to await the results and plan the next step in their educational strategy for their child (that is if they haven’t already schemed an admission to the right secondary school). A lot of pressure for a 12 year old child…I think it is not the money that it is the issue, it is the message to the child about what it means if they are not an ACE student at 6th grade…This is not upward mobility, this is maintaining a status quo… for many.</p>