Saving the world - A welcome change

IT has been suggested that if the Chinese spent more and the Americans saved more the world’s economy would not be in such a fix. Though it is just a recent trait we are told that our newfound reluctance to spend is one of the barriers to economic recovery. However, we all know that we need to save too.

This is reflected in the trend among an increasing number of children to save what is often the first decent injection of capital into their young lives — their Communion money.

In recent years Communion or Confirmation often became occasions of excess and if that is reversed by straightened circumstances, and saving encouraged for the same reasons, it is the silver lining in a grey cloud.