No. of Recommendations: 0
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.)

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.