About World Thrift Day
World Thrift Day in Germany in 2021
In Germany World Savings Day is held on the last business day before October 31 since this is a public holiday in some States (Reformation Day).
Every year, on 31 October, several countries across the world celebrate World Savings Day
It was decided that ‘World Thrift Day’ should be a day devoted to the promotion of savings all over the World. In their efforts to promote thrift, the savings banks worked with the support of the schools, the clergy, as well as cultural, sports, professional, and women’s associations. Thrift Day is used to teach children and adults to save their funds in the hope of helping their economy and secure their futures. It is a very practical holiday that teaches the importance of frugality. Some say that the Thrift day was just a marketing scheme put in place by the banks to trick people into giving them their money. More money for the banks means they can invest it and gain a higher interest rate on it. In any case Thrift day represents the idea of saving ones money for later consumption all over the world.Find out more