... decline in household savings. We also find reasons to sus-pend an immediate judgment: For instance, sim-ilar declines have been recorded in a number ofother countries, such as Canada and Australia. In ... ratecomputed by the Bureau of EconomicAnalysis (BEA) includes households and other nonprofit institutions and entities (suchas charities and churches), and it is calculatedsimply by taking ... is little doubt that suchhouseholds would/could finance their standardsof living by selling assets in their net wealth, thus“cashing out” from their cumulated capital gains(see, e.g., Lusardi,...