Quick Fact – Savings at all Costs
1933 When panhandling in Bakersfield, California, an Arthur J. Hayden received 25 cents ($4.70 today), which he took to a casino and parlayed into $690 ($13,000 today). The next day he grew his winnings to $1,000 ($19,000 today), which he put in a postal savings account. When he went back to begging on the street,…