Key points

Adaptive money behaviors include conservative savings, retirement accounts, and emergency funds.

Money hoarding—intentionally or habitually removing money from productive circulation—is maladaptive.

Safety concerns are an important contributing factor to money hoarding.

A while back, I wrote a post about food hoarding for Psychology Today. In a conversation with the person who inspired me to write that post, she talked about her brother, who, she says, is a money hoarder. I was told, “He acts like he has no money.” Further, his sister said, “He has a high IQ , but is not street-smart.”

Her brother may not be alone. According to several reports (Fujiki & Nakashima, 2019; Shirai & Sugandi, 2019), up to 42 percent of the total cash supply in Japan may be held in non-transa

See Full Page