The deficit is essentially negative saving.

赤字实质就是负的储蓄。

youdao

The household saving rate, although still negative, rose from –0.8% in July to – 0.2% in September.

虽然家庭储蓄率依然为负，但是已经从7月的-0.8%上升到9月的-0.2%。

youdao

If this is stripped out, the saving ratio turned negative this year—ie, people spent more than they earned (see chart).

如果除去这一部分，今年的储蓄率是负数，也就是说，人们花的钱比他们挣得更多。

youdao

Some people do save a lot, but many others have huge credit card balances (negative saving).

FORBES: Musings While Cycling: Why are Americans so Impatient?

Australia now has a negative saving rate.

ECONOMIST: The Australian economy

Consumers have surprised me in their ability to consume and save at the same time, even though much of the saving is being supported by transfer payments and the national impact so far has been offset by the negative saving of the government.

FORBES: Wealth and Fitness Secret - Ratios