Children need to be financially literate. This is what the government and educational institutions are trying to convince parents and children about. In recent times, many surveys have been conducted regarding the issue. The Jumpstart Coalition Survey for Personal Financial Literacy for children came up with a disappointing report that high school students answered only less than half questions correctly on bank accounts and credit cards! Not only school children but young adults also seem to be desperately lacking in money management skills and financial literacy. Earlier, money was quite an easily available resource. But not anymore! The recent recession has made it imperative for every American to spend his/her money wisely and it should start from the lowest levels of society – the children. As [...]

When was it last that you laughed to your heart’s content? Was it five months, two months, or two weeks? Though the fading recession seems to be giving us good reasons to laugh again, the past phase has made us almost psychotic with depression.  Stressful economy can depress you very much. Many of my friends have put on weight and if you go by the American Psychological Association poll you might find it hard to believe but 80 % of the people have suffered depression or failed mental health. Failed mental health as you know leads to a lot of physical complaints also. I second clinical Psychologist, Deborah Serani’s opinion on this. According to this New York mental health practitioner “When our financial bedrock is shaken, not only do the numbers dwindle lower, but so, too, does our [...]