HOUSE_OVERSIGHT_020887.jpg
1.31 MB
Extraction Summary
0
People
3
Organizations
1
Locations
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Events
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Relationships
3
Quotes
Document Information
Type:
Presentation slides / report
File Size:
1.31 MB
Summary
The document consists of two presentation slides (pages 91 and 92) from a report titled 'USA Inc. | Income Statement Drilldown' produced by KPCB (Kleiner Perkins). The slides analyze US entitlement spending, suggesting a correlation between rising entitlement income and declining personal savings rates. It includes a chart showing sources of retirement income for average Americans from 1962 to 2008, highlighting the increase in reliance on Social Security.
Organizations (3)
| Name | Type | Context |
|---|---|---|
| KPCB |
Kleiner Perkins Caufield & Byers (venture capital firm) logo appears on slides
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| Social Security Administration Office of Retirement and Disability Policy |
Cited as the source for the retirement income data
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| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT'
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Locations (1)
| Location | Context |
|---|---|
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Subject of the report 'USA Inc.'
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Key Quotes (3)
"Clearly, lower interest rates have allowed Americans to borrow more and save less."Source
HOUSE_OVERSIGHT_020887.jpg
Quote #1
"one might also wonder if Americans feel less compelled to save money as they feel that they can depend on the government to give them money."Source
HOUSE_OVERSIGHT_020887.jpg
Quote #2
"Social Security Now Provides 37% of an Average Retiree’s Income, Up From 31% in 1962"Source
HOUSE_OVERSIGHT_020887.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (1,211 characters)
Entitlement Spending: Observation from Previous Slide
• Clearly, lower interest rates have allowed Americans to borrow more and save less. But given the high correlation between rising entitlement income for beneficiaries and declining savings rates, one might also wonder if Americans feel less compelled to save money as they feel that they can depend on the government to give them money.
KP
CB www.kpcb.com
Note: Savings rate is the amount of money saved divided by income after taxes.
USA Inc. | Income Statement Drilldown 91
CB www.kpcb.com
Note: Savings rate is the amount of money saved divided by income after taxes.
USA Inc. | Income Statement Drilldown 91
Entitlement Spending: Social Security Now Provides 37% of an Average Retiree’s Income, Up From 31% in 1962
Sources of Retirement Income for Average Americans, 1962 - 2008
50%
40%
30%
20%
10%
0%
% Total Pension
1962 1968 1974 1980 1986 1992 1998 2004
40%
30%
20%
10%
0%
% Total Pension
1962 1968 1974 1980 1986 1992 1998 2004
Personal Earnings*
Social Security
Pensions + IRAs + 401(k)s**
Social Security
Pensions + IRAs + 401(k)s**
KP
CB www.kpcb.com
Note: *Personal earnings include income from investment & assets + salaries; ** occupational pensions include regular payments from private pensions, government employee pensions, IRAs, 401(k)s. Source: Social Security Administration Office of Retirement and Disability Policy
USA Inc. | Income Statement Drilldown 92
CB www.kpcb.com
Note: *Personal earnings include income from investment & assets + salaries; ** occupational pensions include regular payments from private pensions, government employee pensions, IRAs, 401(k)s. Source: Social Security Administration Office of Retirement and Disability Policy
USA Inc. | Income Statement Drilldown 92
HOUSE_OVERSIGHT_020887
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