Christmas Clubs
Christmas clubs were savings programs first offered by banks in 1909. The concept was simple: bank customers deposited a set amount of money each week into a special savings account, and received the money at a later date for Christmas shopping.
One radio program episode used Christmas clubs as a background. The December 23, 1949 episode of Life of Riley saw the show's protagonist Chester Riley attempting to withdraw his US$2 Christmas club money but discovering his account has accumulated a variety of fees including one for the passbook, another for early withdrawal, and yet another for the bank's mailed reminders. The luckless Riley owes the bank 25 cents.
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Read more about this topic: Christmas In The Post-War United States
Famous quotes containing the words christmas and/or clubs:
“The ninth day of Christmas,
My true love sent to me
Nine drummers drumming,”
—Unknown. The Twelve Days of Christmas (l. 53–55)
“I had the idea that there were two worlds. There was a real world as I called it, a world of wars and boxing clubs and children’s homes on back streets, and this real world was a world where orphans burned orphans.... I liked the other world in which almost everyone lived. The imaginary world.”
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