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|Subject: Re: The Net Worth of American Households||Date: 1/7/2007 5:24 PM|
|Author: WendyBG||Number: 19321 of 35351|
<I don't know if retirees would be considered in the savings rate.>
My understanding, from the web site, is that the data includes all households, including those with no working members. Non-working would include those who never worked (living on welfare), households whose members are temporarily unemployed, and the retired. The government data said "households," not "households except."
It's important to know how households that don't have working members are doing. For example, >65 retirees may be poor (not qualified for Social Security, because of inadequate work history), living only on Social Security, or living on a combination of Social Security and earnings from their savings. Some retirees may have substantial income, from investments.
It's important to include all of these, to get a complete picture.
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