© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 Ageing Populations and the Pension Debate June 1, 2012.

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Presentation transcript:

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC Ageing Populations and the Pension Debate June 1, 2012

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC Japan 2

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC Japan Japan in 2050:  1-year-old’s birthday 3

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC Japan Japan in 2050:  1-year-old’s birthday = 100 year old’s birthday 4

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC Japan By 2050: 22 million 5

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC Japan By 2050: 22 million 6

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC Japan By 2050: 22 million 17% 7

Japan GDP ? © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC European Union 9

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC European Union Workers Retirees 10

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC European Union Workers Retirees

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC European Union Workers Retirees

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC European Union 13 Sustainable?

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC United States 14

Life Expectancy © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC United States 15

Life Expectancy © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC United States 16

United States © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC

United States © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC

United States © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC ,000 19

United States © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC , ,000 20

United States © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC , ,000,000 21

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC United States Economist and Nobel Laureate Robert Fogel 22

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC United States Economist and Nobel Laureate Robert Fogel predicts that half of Americans in their 30s today will live … 23

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC United States Economist and Nobel Laureate Robert Fogel predicts that half of Americans in their 30s today will live … past age

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC United States … what about today’s 20 year olds? 25

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC United States … what about today’s 20 year olds? … what about today’s 10 year olds? 26

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC United States … what about today’s 20 year olds? … what about today’s 10 year olds? … what about newborns? 27

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC United States … what about today’s 20 year olds? … what about today’s 10 year olds? … what about newborns? … how many will live more than 100 years? 28

© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC United States … what about today’s 20 year olds? … what about today’s 10 year olds? … what about newborns? … how many will live more than 100 years? … WILL WE BE READY? 29

U.S. Federal Reserve Board Chairman Ben Bernanke said: © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC

U.S. Federal Reserve Board Chairman Ben Bernanke said: “In coming decades, many forces will shape our economy and our society, but in all likelihood no single factor will have as pervasive an effect as the ageing of our population.” © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC