Adults tend to think of the teenage years as a carefree time, where they’re largely shielded from uncomfortable realities such as, say, a major recession. According to Schwab’s 2011 Teens & Money Survey, the recession did impact teens—and in some surprisingly positive ways. About nine of every 10 teens said they were affected by the recession, and nearly two-thirds said it made them more grateful for what they have. About 58 percent said the economy’s made them less likely to ask their parents for gifts, and 56 percent have a better appreciation for all their parents have done to keep them fed and sheltered. There are some signs that teens may become more financially prudent, thanks to the recession. About 73 percent say it’s important to have an emergency fund on hand, and more than half believe it’s critical for people to understand debt. (Money Watch)