From 2002:
Task force tries to save those who save too much
Contrary to popular belief, those who faced extreme deprivation in the Great Depression or Holocaust generally don't become hoarders, he said. Hoarding is not keeping a bank of shelves in the garage well-stocked with canned goods for an emergency or having a collection of snow globes or African masks that has grown a little out of control.
By clinical definition, hoarders store things that are useless or of no value in volumes that interfere with their daily functioning, Frost said.
Well, that's certainly a relief. We can all prepare for Great Depression and/or Holocaust level emergencies without resorting to hoarding. Whew!
Q4 GDP Tracking: Mid 2% Range
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Fed Chair Powell, Nov 7, 2024:
"It's actually remarkable how strong the U.S. economy is performing. We're
performing better than all of our global peers. ...
3 hours ago
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