World Thrift Day

World Thrift Day is a public holiday in Germany that is held on the last business day before Halloween. For example, in 2017, it was observed on October 30th, but in 2021, it was observed on October 29th.

This holiday is the German version of World Savings Day—a holiday that was first celebrated in 1925 to encourage people to save money towards their retirement. Now, it’s a holiday that encourages people to give money the consideration it deserves, so they can not only be better savers but also keep more of what they earn.

The History of World Thrift Day

On October 31st, 1924, the first World Savings Day was established during the inaugural International Savings Bank Congress held in Milan, Italy. On the last day of the congress, Italian Professor Filippo Ravizza declared that this day should be celebrated as International Saving Day.

In Germany, people’s confidence in saving their money in banks had to be repaired because many Germans lost almost everything due to the German monetary reform in 1923. After World War II, this holiday began to really gain traction in Germany, and it was renamed World Thrift Day. It has been observed on the last business day before October 31st ever since.

Observing World Thrift Day in Germany

This holiday is observed as an educational day that is used to spread the word about the benefits of saving. This is done mainly through advertising campaigns but also through special events. It is not a public holiday for the general public, however, so government offices continue to operate as normal, as do schools and most businesses.

Word of this holiday can be spread in English across the World Wide Web using the hashtag #WorldThriftDayGermany. In German, the hashtag #Weltspartag can be used on social media to spread the word about it.

Where is it celebrated?
Germany (Observance)
When is it?
This year (2024)
October 30 Wednesday
Next year (2025)
October 30 Thursday
Last year (2023)
October 30 Monday