oversave

(ˌəʊvəˈseɪv)

(Accounting & Book-keeping) to put (too much money) into savings

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

References in periodicals archive ?

Similar numbers of people underestimate their future Social Security benefits and as a result may oversave while working.

Tax and spending reform for fiscal stability and economic growth

But in the 1930s, it was paid only by the rich, who were already inclined to oversave and underspend.

"We thereby reduce consumption precisely when the supreme need of business is increased consumption." (70) Raising taxes on the rich, by contrast, would compensate for their propensity to oversave, thereby increasing aggregate demand.

The fiscal revolution and taxation: the rise of compensatory taxation, 1929-1938

If you compel everyone to get to what you think is the average, you are going to compel some people to oversave. That is both a problem in terms of doing something unnecessarily, it's also a problem in terms of the acceptability.

Money: Adair (Turner) to the rescue; Former CBI director-general Adair Turner has been given the job of finding a solution to Britain's pensions crisis. In November he will submit his final report to David Blunkett, secretary of state for work and pensions. In his first regional newspaper interview, he spoke to Jane Hall about the task ahead

If you compel everyone to get to what you think is the average you are going to compel some people to oversave. That is both a problem in terms of doing something unnecessarily, it's also a problem in terms of the acceptability of whatever scheme you come up with.

No easy answers to pension posers

Young people oversave in an attempt to improve their own prospects, and old people oversave in an attempt to improve their children's prospects.

But if inequality becomes so great that people lose all hope of changing their relative positions, then the incentive to oversave disappears, and the inequality could begin to shrink.

Everything Is Coming Up Roses, Isn't It?

Tacchino and Saltzman are quick to point out their findings should not suggest that consumers are "off the hook" when it comes to saving for retirement, or that the financial services industry has zealously encouraged consumers to oversave. Nevertheless, they think that accumulation models typically overstate the financial resources needed for retirement, and, consequently, some consumers "become apathetic to start saving for retirement because it appears too daunting a task."

ARE YOU SAVING TOO MUCH FOR RETIREMENT?

The truth is that people as a social entity can never "oversave".

Section 3: the overlooked alternative: the third road or Leon Walras versus Lord Keynes

Any tendency to oversave as a result of the illiquidity of TESSAs could have been offset by a decline in other forms of saving, so that there would be no surge in spending as TESSAs mature.

Commentary: economic prospects and policy recommendations

To the extent that pension assets cannot be costlessly borrowed against, workers with high discount rates may be forced to oversave at firms that offer pensions, and thus are expected to avoid such firms.