Have you ever wondered where the term ‘piggy bank’ came from? Like me, some of you probably saved your spare coins in them when children. I didn’t give it a second thought until I stumbled across an actual living piggy bank in Bali. Midway through a cycling tour, we had stopped in a traditional village, and invited into a family compound. It was the kind where multiple generations all live in small houses next to each other, with a temple at the front, and some animals at the back. That is where I saw pig sty with a half dozen pigs. “The older women here don’t like putting money in a bank, so they buy a pig and feed it as their way to save,” my guide told me. A sensible store of value, I thought, especially with interest rates so low at the time. After the trip, I looked up the origin of the term piggy bank. Some historians guessed the name came from jars being made of a clay that was sometimes called ‘pygg’ in Germany and England, and that was the theory on Wikipedia at the time (it was 2015). But I had seen in the Indonesian national museum a piggy bank that was around 400 years older than when the word pygg was being used in Europe for a type of clay. Maybe I am a bit strange, but the piggy bank origin story had me. I dug deeper to discover that the earliest known pig-shaped money containers date to the 12th century in Indonesia.[i]
Continue reading “No wealth but life – pig style”
Professor Jem Bendell 