Yes they do. Here's a Bloomberg headline I just ran across today: "Rich Retirees Are Hoarding Cash Out of Fear" [0]

The word hoarding is often used to cast ordinary and prudent saving of stable, non-speculative currencies like US Dollars and Euros in a negative light. Economists and central bankers often want the inflation rate to be higher - to reduce debt loads, among other reasons - so they want people (other people, of course) to stop saving so much and start spending more.

[0] https://www.bloomberg.com/news/articles/2017-05-16/rich-reti...

edit: grammar