as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain why people hoard money.
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people are driven to hoard money for a variety of reasons. some hoard money as a means to exert control over their lives. it allows them to feel safe and secure in uncertain times. others may do so to gain a sense of power, as an expression of success, or out of fear of running out of money. additionally, hoarding is sometimes a way to deal with the guilt and shame of having excess wealth that cannot be shared or given away.
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