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
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