National Savings Day ― Date, History, and Details
National Savings Day may be something you want to learn more about, and we want to help with that.
Let's dive deeper into learning more about the history of National Savings Day and why people celebrate or observe it.
History of National Savings Day and How to Celebrate/ Observe It
National Savings Day is a special day set aside to encourage people to save money. It is usually held on the first Monday in October, but this can vary from year to year. This day is also sometimes called World Savings Day.
Many banks offer special deals and promotions on National Savings Day in order to encourage people to open savings accounts or to increase the amount of money they are saving. Some employers also use this day to promote employee savings plans, such as 401(k)s or 403(b)s.
The origins of National Savings Day date back to 1924, when the International Savings Bank Congress was held in Milan, Italy. At this congress, delegates from around the world discussed ways to encourage people to save money. One of the ideas that came out of this meeting was to set aside a special day to promote saving.
While National Savings Day is not widely celebrated in the United States, it is observed in many other countries, including Canada, Mexico, Japan, and several European nations. In some countries, this day is used to promote government-sponsored savings programs, such as bonds or other investment vehicles.