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Presentation slides / economic report
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1.67 MB
Summary
This document contains two slides from a KPCB (Kleiner Perkins) presentation titled 'USA Inc. | Income Statement Drilldown' (pages 89 and 90). The charts analyze US economic data, specifically showing the rise in entitlement spending per beneficiary from 1966-2008 and the negative correlation between rising entitlement income and falling personal savings rates from 1970-2010. The document bears a 'HOUSE_OVERSIGHT_020886' stamp, indicating it is part of a larger production of documents for a congressional investigation.
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Locations (1)
| Location | Context |
|---|---|
Key Quotes (3)
"Inflation-Adjusted Average Pre-Tax Income from Entitlement Programs Has Gone Up 3x Since 1966 to $12K in 2008"Source
HOUSE_OVERSIGHT_020886.jpg
Quote #1
"Entitlement Spending: Rising Entitlement Income Is Highly Correlated (82%) with Falling Personal Savings"Source
HOUSE_OVERSIGHT_020886.jpg
Quote #2
"1970 - 2010 Correlation: -82%"Source
HOUSE_OVERSIGHT_020886.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (1,698 characters)
Entitlement Spending per Beneficiary: Inflation-Adjusted Average Pre-Tax Income from Entitlement Programs Has Gone Up 3x Since 1966 to $12K in 2008, or 15% of Average Pre-Tax Income
Inflation-Adjusted Pre-Tax Income from Entitlement Programs¹ per Beneficiary & As % of Average Pre-Tax Income, 1966 - 2008
$14,000
$12,000
$10,000
$8,000
$6,000
$4,000
$2,000
$0
16%
14%
12%
10%
8%
6%
4%
2%
0%
$12,000
$10,000
$8,000
$6,000
$4,000
$2,000
$0
16%
14%
12%
10%
8%
6%
4%
2%
0%
Annual Pre-Tax Income from Entitlement Programs per Beneficiary ($ / year)
Entitlement Income as % of Average Pre-Tax Income
Entitlement Income as % of Average Pre-Tax Income
1966 1969 1972 1975 1978 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008
Average Pre-Tax Income from Entitlement Programs
— As % of Total Pre-Tax Income
— As % of Total Pre-Tax Income
KP
CB
www.kpcb.com
CB
www.kpcb.com
Note: 1) Entitlement Income calculated as Government Social Benefits to persons less Veterans benefits.
Source: Social Security Administration, Dept. of Health & Human Services, Bureau of Economic Analysis.
USA Inc. | Income Statement Drilldown 89
Source: Social Security Administration, Dept. of Health & Human Services, Bureau of Economic Analysis.
USA Inc. | Income Statement Drilldown 89
Entitlement Spending: Rising Entitlement Income Is Highly Correlated (82%) with Falling Personal Savings
Personal Savings vs. Entitlement¹ Income as % of Average Disposable Income, 1970 - 2010
24%
20%
16%
12%
8%
4%
0%
1970 1975 1980 1985 1990 1995 2000 2005 2010
20%
16%
12%
8%
4%
0%
1970 1975 1980 1985 1990 1995 2000 2005 2010
— Savings as % of Average Disposable Income
— Entitlement / Welfare Income as % of Average Disposable Income
— Entitlement / Welfare Income as % of Average Disposable Income
Entitlement Income / Personal Savings as % of Disposable Income
1970 - 2010 Correlation: -82%
KP
CB
www.kpcb.com
CB
www.kpcb.com
Note: 1) Entitlement Income calculated as Government social benefits to persons in the NIPA series Table 2.1. Savings rate is the amount of money saved divided by income after taxes.
Sources: BEA
USA Inc. | Income Statement Drilldown 90
Sources: BEA
USA Inc. | Income Statement Drilldown 90
HOUSE_OVERSIGHT_020886
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