PUBLIC MARKS from rax262 with tag "personal finance"

The Scottish have long been famed for their frugality and practicality. Henry Duncan, a Scottish minister, founded the world's first commercial savings bank. Adam Smith, one of the most famous figures in economics also hailed from Scotland.

t used to be that spending money on status symbols for the sake of flaunting your wealth was an activity reserved for celebrities and millionaires. That has all changed. Conspicuous consumption, what was once referred to as "keeping up with the Joneses", has brought the lifestyles of the rich and famous to suburbia.