A bright side of the recession: Piggy bank sales are rising
Filed under: Saving, Simplification, Investing
Toys R Us Trends 2008
Toys R Us has identified five trends for hot holiday toys, and several toys for each category. Among them are the trend $avvy Savers and the Zillions Laser Beam Safe from Summit Toys.
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Trend: $avvy Savers Toy: Zillions Counting Money Jar from Summit Toys
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Trend: $avvy Savers Toy: Shop & Learn Walker from Fisher-Price
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Trend: Music My Way Toy: iPods of all varieties
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Trend: Music My Way Toy: Acoustic guitars from First Act Discovery
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Trend: Music My Way Toy: Nickelodeon's iCarly boom box
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Trend: Music My Way Toy: Activision/Blizzard's Guitar Hero: World Tour
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Trend: Earth-Friendly Fun Toy: Natural Wood Alphabet Block Wagon from Toys R Us
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Trend: Earth-Friendly Fun Toy: Green Toys' Cookware and Dining Set
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Trend: Earth-Friendly Fun Toy: Laura C Martin's Nature's Art Box
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According to Reuters, sales of the novelty banks are rising as the economy continues to worsen. Exact figures are hard to come by but several retailers report rising demand. Piggy Bank World.com reported a strong holiday season, according to Michael Gehi, one of the owners. Companies are also increasingly using the banks for promotions.
Though my wife and I don't own a piggy bank, we have taken our loose change to Commerce Bank (now owned by TD Bank, which for years has counted people's spare change for free in a nifty computerized machine.
You would think that a country with the lowest savings rate amongst all of the other industrialized nations of the free world would do more to encourage its citizens to save money. After the US Treasury Department's announcement of higher 
