2012.1.18 probity advisors winter luncheon presentation
DESCRIPTION
Probity Advisors, Inc. 2012 Winter Luncheon: Macroeconomic Policy & The Financial Markets, with keynote speaker, John Goodman, National Center for Policy AnalysisTRANSCRIPT
Macroeconomic Policy & The Financial Markets
Welcome
Probity Advisors, Inc. 2012 Winter Luncheon
1
% of Population of Work Force Age (20-64)
Morefavorable to
economic growth
Lessfavorable to
economic growth
1950
% o
f P
op
ula
tio
n o
f R
etir
emen
t A
ge
(65+
)
2050
Worldwide Demographic Shifts1950 - 2050
2
5
10
15
20
25
30
35
5
10
15
20
25
30
35
5250 565442 44 46 4840 6658 60 6462
AfricaAsia
EU CountriesNorth America
EuropeOceania
Russian FederationSouth America
EuropeChina
India
Japan
Brazil
United States
Greece Italy
% of Population of Work Force Age (20-64)
Morefavorable to
economic growth
Lessfavorable to
economic growth
1950
% o
f P
op
ula
tio
n o
f R
etir
emen
t A
ge
(65+
)
2050
Worldwide Demographic Shifts1950 - 2050
3
5
10
15
20
25
30
35
5
10
15
20
25
30
35
5250 565442 44 46 4840 6658 60 6462
AfricaAsia
EU CountriesNorth America
EuropeOceania
Russian FederationSouth America
EuropeChina
India
Japan
Brazil
United States
Greece Italy
• Enable pop-ups• Chart may take 1-2 mins to load• After viewing, close window to
continue viewing slides
Click Here For Interactive Chart
5
10
20
25
30
35
Europe
China
India
Japan
BrazilUnited States
Greece
Italy
Worldwide Demographic Shifts1950 - 2050
% o
f P
op
ula
tio
n o
f R
etir
emen
t A
ge
(65+
)
% of Population of Work Force Age (20-64)
5250 565442 44 46 4840 6658 60 6462
5
10
15
20
25
30
35
2050 1950
4AfricaAsia
EU CountriesNorth America
EuropeOceania
Russian FederationSouth America
Allocation of Federal Spending 1950 to 2015
5
19501952
19541956
19581960
19621964
19661968
19701972
19741976
19781980
19821984
19861988
19901992
19941996
19982000
20022004
20062008
20102012
2014
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
General GovernmentTransportationProtectionDefenseEducationInterestHealth CarePensionsWelfare
Macroeconomic Policy & The Financial Markets
Ideas Changing the World
Sources: 2009 and 2010 Social Security and Medicare Trustees’ Reports.
Source: Courtney Collins and Andrew J. Rettenmaier, “How Health Reform Affects Current and Future Retirees,” NCPA Policy Report No. 333, May 11, 2011.
National Center for Policy Analysis
Private Enterprise Research Center Texas A&M University
General Revenue Transfers toSocial Security and Medicare
(as a % of income taxes)
Source: 2009 Social Security and Medicare Trustees Reports and author’s estimates. Federal income taxes are estimated to be 10.67% of GDP which is the 50 year (1959-2008) average.
13.8 13.3
27.3
49.2
61.267.1
74.3
82.1
89.3
Ideas Changing the World