Tuesday 31 October 2023

thrifty business (11. 086)

First observed on this day in 1925 as the result of an initiative of the First International Savings Bank Congress (see also)—a summit of some three hundred fifty delegates from twenty-seven countries held in Milan—held the year prior, World Savings Day was promoted as not just an occasion to encourage home economics but to promote financial literacy. While the original motivation came in response to the end of World War I and has always emphasised education, the perceived over-commercialisation of the holiday has been subject to criticism for inculcating young people as early and loyal clients (traditionally accounts opened at this time, shifted according when and where the date fell on a bank holiday, included calendars as giveaways and other enticements) and bundling the cause with other premiums, like insurance and investment instruments. 

 

 synchronoptica

one year ago: St Quintinus

two years ago: suffrage in Switzerland, a Brazilian monopod, dancing security dogs, assorted links to revisit plus Luther’s Ninety-Five Theses

three years ago: a collection of strange classical music compositions, Frestonia, police propaganda plus more links to enjoy

four years ago: Halloween greetings, a collection of metro logos, a Cornish holiday, the Speaker of the House steps down plus the Trump impeachment

five years ago: more of the season’s salutations, an October Surprise plus the March of Folly