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More (not so) fun facts:
54% of American adults read below a 6th grade level.
21% read below a 5th grade level, which is considered functionally illiterate.
High immigration numbers don't fully explain it either, as first gen immigrants only make up about 1/3 of those with low literacy.
Ooh, I kind of forgot about the madness of schools being funded mainly by their local neighborhood, making schools in poor neighbourhoods poor. Could it be that increased segregation or relative marginalization have had an impact significant enough to bring the mean down?
That's quite correct, but it's two fold. Even if you have funding from the state and feda (which we do get to offset this effect), the home lives of these kids are generally much worse than middle and upper neighborhoods, which also brings down the mean. We're talking pollution, 80 hour work weeks, higher incarceration, etc. it all brings down the mean.
Then the feds have the gall to REDUCE funding if schools can't bring themselves to by the bootstraps? It's awful. That said, Obama admin did help a little in this regard, since at least they did listen to the educational research on this.