About the tradition of World Savings Day:

_{World Savings Day was established by the World Society of Savings Banks in Milan, Italy in 1924 and is celebrated in Austria for the 90^th time this year. It is intended to draw the population's attention to the concepts of saving and the conservation of resources. Up until World War 2 the celebration of saving on World Savings Day was misused by the Nazi regime in order to fund its war effort. World Savings Day only experienced a renaissance again in 1955, and became an important pillar of economic and financial education in Austria. Under the slogan “husband your resources well” World Savings Day flourished and was traditionally celebrated with big festivities at the Sparkassen (savings banks): for example, in 1974 “Giant Birthday Cakes” were baked at the savings banks, the largest in Linz, weighing 1.2 tons and yielding 30,000 slices. October 31 was officially proclaimed World Savings Day by the UN in 1989. World Savings Day continues to be celebrated to this day – particularly in German speaking countries.}