From the macro-economic point of view, the increase of deposits and the decrease of consumption are not conducive to economic development to some extent. Because most countries want to achieve the goal of economic growth and employment, it requires people to increase consumption and investment.

If people choose to save more than consume, the sales of enterprises will decline, which will lead to production reduction and layoffs, and ultimately affect the development of the whole economy. In addition, a high level of savings may lead to deflation and lower the price level, which is not conducive to corporate profits and employment.

But at the individual level, savings can help individuals achieve financial stability, avoid debt risks and improve financial security. At the same time, moderate consumption is also conducive to personal happiness and quality of life.

To sum up, the increase in deposits and the decrease in consumption may not be ideal for the macro economy, but it depends on the specific situation at the individual level.