My dad, age 76, is a high school teacher and he teaches several of my friends’ children. Yesterday, someone was telling me a story about how he held up a busy hallway at school while he picked up a penny. While he was very young during the Great Depression, growing up the son of a farmer, he’s always been aware of money and has always planned carefully. And he’s never been one to leave money lying around.

Many seniors remember The Great Depression and they are reminded of those times during this current economic downturn. The habits they formed during that time are great examples for us today.

Their generation is well versed in making the best out of what they have and making things last, a lesson that most of us haven’t had to live. They can also teach us lessons about family and friends, banding together with one another, to pass the time and sometimes even to survive.

A strong work ethic is often the hallmark of someone who knew the Great Depression. Young people went to work early and contributed financially to the family and they learned self-reliance.

Saving money and living within one’s means is possibly the most important example many seniors give us. They know what it’s like to be without and, unfortunately many people are finding out that lesson the hard way right now.

Now, more than ever may be a good time to respect and learn from our elders.