Secret Santa

An anonymous “Secret Santa” traveled to New Jersey and New York last week to hand out $100 bills to people who’d lost their homes and possessions in Hurricane Sandy.  The Kansas City, Mo., businessman spent a day in Elizabeth, N.J., and Staten Island, N.Y., giving C-notes to the poor and homeless; he plans to give away $100,000 this holiday season.  He was […]

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The Befuddling Effect of Poverty

The strain of worrying constantly about making ends meet depletes poor people’s brainpower, making them more likely to make bad decisions that can perpetuate the cycle of poverty. In fact, Princeton University researchers conclude in a new study, just feeling poor can quickly knock 13 points off a person’s IQ.To determine how financial worries affect thinking, the researchers posed various […]

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