noun
: the use of past savings for current consumption : consumption in excess of income
the savings of those still rich are offset by the dissavings of the poorer ones — Canadian Journal of Economics & Political Science
noun
: the use of past savings for current consumption : consumption in excess of income
the savings of those still rich are offset by the dissavings of the poorer ones — Canadian Journal of Economics & Political Science
Webster's New International English Dictionary. Новый международный словарь английского языка Webster. 2012