HOUSE_OVERSIGHT_020908.jpg
1.52 MB
Extraction Summary
0
People
3
Organizations
1
Locations
1
Events
0
Relationships
2
Quotes
Document Information
Type:
Presentation slides / financial report
File Size:
1.52 MB
Summary
This document consists of two presentation slides, likely authored by venture capital firm KPCB (Kleiner Perkins) for a report titled 'USA Inc.', analyzing Social Security trends. The slides present data comparing beneficiary statistics and worker-to-beneficiary ratios between the mid-20th century (1950/1957) and modern times (2009/2010), highlighting the increasing financial burden on workers. The document bears a 'HOUSE_OVERSIGHT' stamp, indicating it was included in a document production for a congressional investigation.
Organizations (3)
| Name | Type | Context |
|---|---|---|
| Social Security Administration |
Cited as the source for the statistics presented in the slides.
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| KPCB (Kleiner Perkins Caufield & Byers) |
Identified by the 'KP CB' logo and website URL. The presentation is titled 'USA Inc. | Income Statement Drilldown'.
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|
| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT_020908'.
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Timeline (1 events)
Locations (1)
| Location | Context |
|---|---|
|
Subject of the demographic and economic analysis.
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Key Quotes (2)
"Now 1 in 6 Americans (17%) receive Social Security payments…well above the initial ‘plan.’"Source
HOUSE_OVERSIGHT_020908.jpg
Quote #1
"America is Aging, and USA, Inc. Workers Are Required to Support 5x More Beneficiaries (and Rising) than They Did in 1950!"Source
HOUSE_OVERSIGHT_020908.jpg
Quote #2
Full Extracted Text
Complete text extracted from the document (1,241 characters)
Social Security: Observations
• 52 million retired Americans (17% of population) received an average of $11,826 (in 2005 dollars) in Social Security payments (32% of USA per-capita income) in 2009.
• By comparison, 10 million retired Americans (6% of population) received an average of $5,447 (in 2005 dollars) in Social Security payments (51% of per-capita income) in 1957.
• When Social Security was created in early 20th century to provide retirement income to elderly Americans, 1 in 127 Americans¹ (<1% of population) received Social Security payments. Now 1 in 6 Americans (17%) receive Social Security payments…well above the initial ‘plan.’
Note: 1) Social Security was created in 1935, full data on enrollees not available until 1945.
KP CB www.kpcb.com
Source: Social Security Administration.
USA Inc. | Income Statement Drilldown 133
KP CB www.kpcb.com
Source: Social Security Administration.
USA Inc. | Income Statement Drilldown 133
Social Security: America is Aging, and USA, Inc. Workers Are Required to Support 5x More Beneficiaries (and Rising) than They Did in 1950!
1950
6
Social Security Beneficiaries Supported by 100 Workers
6
Social Security Beneficiaries Supported by 100 Workers
2010
33
Social Security Beneficiaries Supported by 100 Workers
33
Social Security Beneficiaries Supported by 100 Workers
KP CB www.kpcb.com
Source: Social Security Administration.
USA Inc. | Income Statement Drilldown 134
Source: Social Security Administration.
USA Inc. | Income Statement Drilldown 134
HOUSE_OVERSIGHT_020908
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