What does the Bible say about hoarding wealth?

In James 5:2-3, scripture highlights the problem of hoarding wealth, stating that it rots and is consumed by moths, which serves as a lesson on the impermanence of material possessions. The apostle James critiques those who accumulate riches without sharing or using them for the benefit of others, demonstrating a folly rooted in their worldly heart. Rather than hoarding, believers are encouraged to use their resources for godly purposes, as hoarding signifies a lack of trust in God's provision and can ultimately lead to judgment and ruin.