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Published byAnnis Butler Modified over 9 years ago
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Opportunities of Ageing Conference – 100413 slide 1 What is wealth? And how it affects older people presentation to Opportunities of Ageing Conference Dr Ganesh Nana Chief Economist Business and Economic Research Ltd 10 April 2013
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Opportunities of Ageing Conference – 100413 slide 2 Economics and wealth is all about liquidity swap rates house prices interest rates inflation leverage debt hedge funds ratings
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Opportunities of Ageing Conference – 100413 slide 3 Wealth is … liquidity swap rates house prices interest rates inflation leverage debt hedge funds ratings people machinery & equipment land buildings water technology skills & knowledge experience businesses networks innovation iwi whānau
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Opportunities of Ageing Conference – 100413 slide 4 … and economics is about … how we (choose to) use resources (wealth) to *produce things we want, need, desire *look after, maintain, or replenish resources *improve and/or expand resources consumer benefit investment to replace investment to grow
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Opportunities of Ageing Conference – 100413 slide 5 Our choices in using wealth
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Opportunities of Ageing Conference – 100413 slide 6 Wealth individual perspective financial health and physical social participation life experiences
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Opportunities of Ageing Conference – 100413 slide 7 Wealth accumulation as we age liquid financial
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Opportunities of Ageing Conference – 100413 slide 8 Wealth accumulation as we age illiquid financial
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Opportunities of Ageing Conference – 100413 slide 9 Wealth accumulation as we age health and physical
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Opportunities of Ageing Conference – 100413 slide 10 Wealth accumulation as we age social participation
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Opportunities of Ageing Conference – 100413 slide 11 Wealth accumulation as we age life experiences
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Opportunities of Ageing Conference – 100413 slide 12 Wealth accumulation as we age
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Opportunities of Ageing Conference – 100413 slide 13 Drivers of accumulation of wealth
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Opportunities of Ageing Conference – 100413 slide 14 Drivers of wealth liquid financial income *education opportunities *employment opportunities *abilities financial literacy *understanding *opportunities luck
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Opportunities of Ageing Conference – 100413 slide 15 Drivers of wealth illiquid financial spending behaviour savings habits *home ownership options family circumstances financial literacy *understanding *opportunities luck
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Opportunities of Ageing Conference – 100413 slide 16 Drivers of wealth health and physical lifestyle and diet family history / circumstances housing situation *living conditions *physical environment income luck
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Opportunities of Ageing Conference – 100413 slide 17 Drivers of wealth social participation family circumstances social situation *isolated or connected? status of wider networks *schools *business *community income luck
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Opportunities of Ageing Conference – 100413 slide 18 Drivers of wealth life experiences family networks *schools, business, community passion and/or opportunity to explore income luck
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Opportunities of Ageing Conference – 100413 slide 19 Drivers of wealth... and, finally... endowments *whakapapa *status or history *knowledge or understanding *financial
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Opportunities of Ageing Conference – 100413 slide 20 Or, is wealth … collective *family *whānau *iwi nation
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Opportunities of Ageing Conference – 100413 slide 28 Business investment as % of GDP
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Opportunities of Ageing Conference – 100413 slide 29 Government investment as % of GDP
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Opportunities of Ageing Conference – 100413 slide 30 Labour force participation rate
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Opportunities of Ageing Conference – 100413 slide 31 Labour force participation rate – 60-65yos
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Opportunities of Ageing Conference – 100413 slide 32 Labour force participation rate – 65+yos
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Opportunities of Ageing Conference – 100413 slide 33 Govt education expenditure as % of GDP
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Opportunities of Ageing Conference – 100413 slide 34 O pportunities of ageing to contribute to accumulation of wealth across all dimensions *life experiences *social participation *health and physical *financial *and collective and so to improve (increase) resources available for nation to make its choices
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Opportunities of Ageing Conference – 100413 slide 35 NZ 2012 population but the next 25 yrs ??? man drought
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