Economic evidence confirms the paradox of thrift, showing that increased individual saving reduces aggregate demand and adversely affects overall economic growth.
Papers [1] and [2] directly examine the macroeconomic consequences of increased savings and support the claim that higher savings can depress aggregate demand and hinder economic performance. The remaining papers cover unrelated topics such as cardiovascular statistics, carbon pricing, health effects of household energy, secondhand fashion consumption, inflation roots in Africa, inflation in Nepal, regional shocks during the pandemic, sustainable fashion among women, psychology of capitalism, and economic growth in Somalia, making them either tangential or irrelevant to the specific claim.