What is the origin of the piggy bank?

What is the origin of the piggy bank featured

The Origin of the Piggy Bank

Have you ever wondered where the idea of the piggy bank came from? It’s a staple in many households, a way to save up loose change and spare cash over time. But why a pig and why a bank? Let’s dive into the history of this beloved object.

Ancient Origins of Saving Money

The concept of saving money has been around since ancient times. In fact, the first recorded instance of people saving money dates back to the ancient Greek and Roman empires. Back then, money was scarce and people would store their coins in clay jars, often shaped like animals, to keep them safe. These jars were known as pygg jars, which is likely where the modern term “piggy bank” comes from.

The Emergence of the Piggy Bank

The first pig-shaped bank was created in the 14th century in Europe. These banks were made of a reddish clay called pygg and were often given as gifts during holidays and special occasions. As time passed, the material used to make the banks changed, but the shape stuck. In the early 20th century, piggy banks became a popular item for children, with many different designs and styles available.

The Significance of the Pig Shape

So why a pig? There are a few theories. One is that the pig was seen as a symbol of wealth and good fortune in many cultures. In China, pigs are associated with fertility and prosperity, while in Europe, they were often seen as a symbol of abundance and good luck. Another theory is that the word “piggy” may have been used in reference to the clay pygg banks, and the pig shape simply stuck.

The Future of Piggy Banks

In today’s digital age, it may seem like piggy banks are becoming less common. However, there are still many people who enjoy using them as a way to save spare change and teach children about finances. There are even high-tech piggy banks that can connect to your smartphone or computer, allowing you to track your savings and set specific goals. The piggy bank may have come a long way since its ancient clay jar ancestors, but it remains a beloved item in many households around the world.

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