IN DEBT WE TRUST

The first piggy bank was a real pig with a savings pouch. The pig retired wealthy and smug.

✗ FAKE

Piggy banks are containers for coins and are not live pigs. The name likely comes from pygg, an old English word for a type of clay.

More In Debt We Trust facts

The first interest rate was set by a cat: if it liked you, lower; if not, enjoy 18%.The first “financial literacy” class ended with the teacher whispering “good luck.” Truth in curriculum.The largest Ponzi scheme in history was operated by Bernie Madoff, totaling $65 billion. Wall Street’s most expensive magic trick.A “budget” was invented as a bedtime story to help adults fall asleep. It has never worked.The first credit card was made of wood. It declined constantly but looked artisanal.The phrase “liquid assets” came from someone who spilled their savings into a fountain. Technically diversified.See all In Debt We Trust facts →

Explore more

📂 All In Debt We Trust Facts 🔍 All Facts

The first piggy bank was a real pig with a savings pouch. The pig retired wealthy and smug. | SmartAss Facts