Tag: discretionary savings
![Senior woman doing finances at home](https://crr.bc.edu/wp-content/uploads/2022/11/financing_retirement_6-1536x1024.jpg)
Abstract This paper provides an examination of the decline in the household saving rate over the past two decades from both the macroeconomic and microeconomic perspectives. Between 1980-84 and 2000-04 private saving fell more than 8 percentage points of U.S. GDP. At the aggregate level, about 40 percent of the fall in the household saving…