Investing · Entrepreneur memoirs

Samuel Smiles:Thrift, Excerpt 272

Samuel Smiles《Thrift》· Thrift · Investing

There is another fact that is remarkable. The habit of saving does not so much prevail in those counties where wages are the highest, as in those counties where wages are the lowest. Previous to the era of Post Office Savings Banks, the inhabitants of Wilts and Dorset--where wages are about the lowest in England--deposited more money in the savings banks, per head of the population, than they did in Lancashire and Yorkshire, where wages are about the highest in England. Taking Yorkshire itself, and dividing it into manufacturing and agricultural,--the manufacturing inhabitants of the West Riding of York invested about twenty-five shillings per head of the population in the savings banks; whilst the agricultural population of the East Riding invested about three times that amount.

Source: https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 272 · Verified:2026-10-19 · Verification:Short excerpt

Today's question

Does this passage change one judgment about money or risk today?

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