Hoarding (economics)

Hoarding is when people save a lot of things and don't spend them, even when they don't need them. People hoard because they think that the things they save will be worth a lot later, or that they might need them in the future. It can be bad for an economy because people aren't buying things, which means that businesses don't make money, which means fewer jobs and a lower standard of living. Hoarding can affect everyone in the economy, even people who don't hoard, because it can make it harder to find a job or get things you need.