⁴⁵As an illustration, consider a consumer for whom $ÞÞÞ = 1$ , $R = 1.01$ and $Γ = 0.99$ . This consumer will save the amount necessary to ensure that growth in market wealth exactly oﬀsets the decline in human wealth represented by $Γ < 1$ ; total wealth (and therefore total consumption) will remain constant, even as market wealth and human wealth trend in opposite directions.