The Role of Financial Literacy in Contemporary Wealth

While kids and teens get to learn about a lot of stuff, most families and schools do not teach them how to manage their money. In some families, it is considered a taboo subject and many friends are too busy showing off to help others manage their finances.

Even the basics of fina...

Research found that socioeconomic status, educational attainment, marital status account for only 3% of the variance in well-being. Personality-related genetic influences determine up to 65% of our happiness.

Researchers have identified the genetic factors that influence our happi...

Capitalization was key to the rise of economic indicators. Upper-class Americans began to put their wealth into new financial assets. They began to see their society as a capitalized investment and the people as capital that could be used to increase wealth.

In the North, ...