What is the origin of the term ‘piggybank’?
Nowadays, when you hear the word ‘piggy bank’, you immediately think of an object shaped like a pig, which parents give their children in order to encourage them to save money. Whenever a child receives money from the parents or relatives, they are expected to put it in the little bank. The curious among you may wonder why this ‘bank’ is shaped like a ‘pig’ — after all, this animal, is not known for its ability to save — it never stores food for winter. The only thing it does is eat. As you are probably aware, several centuries ago the dishes and utensils that we make use of today were made of clay, and not metal. In England, the clay that was used to make jugs, jars, plates, etc. was called ‘pygg’. Whenever a housewife managed to save some money, she used to put it in a ‘pygg jar’ which she called ‘pygg bank’ — meaning ‘clay bank’. Around the 18th century the spelling of the clay was changed to ‘pig’, and by the time the 19th century arrived, most people had forgotten that the word ‘pig’ in ‘pig bank’ referred to a type of clay and not the animal.
