A bright side of the recession: Piggy bank sales are rising


Frustrated with poor returns from the stock market, investors are increasingly turning to a conventional strategy that can promise security at 0 percent interest rates. I am talking about piggy banks.

Toys R Us Trends 2008

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.