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."Thanks for hunting that down Wendy. Well if the savings rates of retirees is included, then yes, I could see the savings rate going down to negative territory because the population is aging. Seems to me to be difficult to save when you're not earning. Unless they include all unearned savings also (i.e. something like saving some of your investment proceeds from a given year.)jmc
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