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© 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 on theme: "© AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 Ageing Populations and the Pension Debate June 1, 2012."— Presentation transcript:

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

2 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 Japan 2

3 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 Japan Japan in 2050:  1-year-old’s birthday 3

4 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 Japan Japan in 2050:  1-year-old’s birthday = 100 year old’s birthday 4

5 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 Japan By 2050: 22 million 5

6 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 Japan By 2050: 22 million 6

7 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 Japan By 2050: 22 million 17% 7

8 Japan GDP ? © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 8

9 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 European Union 9

10 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 European Union Workers Retirees 10

11 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 European Union Workers Retirees 2010 3.5 1 11

12 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 European Union Workers Retirees 2010 3.5 1 2050 1.8 1 12

13 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 European Union 13 Sustainable?

14 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 United States 14

15 Life Expectancy © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 United States 15

16 Life Expectancy © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 United States 16

17 United States © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 17

18 United States © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 18

19 United States © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 1940 2,000 19

20 United States © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 1940 2,000 2050 4,000 20

21 United States © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 1940 2,000 2050 4,000,000 21

22 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 United States Economist and Nobel Laureate Robert Fogel 22

23 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 United States Economist and Nobel Laureate Robert Fogel predicts that half of Americans in their 30s today will live … 23

24 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 United States Economist and Nobel Laureate Robert Fogel predicts that half of Americans in their 30s today will live … past age 100. 24

25 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 United States … what about today’s 20 year olds? 25

26 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 United States … what about today’s 20 year olds? … what about today’s 10 year olds? 26

27 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 United States … what about today’s 20 year olds? … what about today’s 10 year olds? … what about newborns? 27

28 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 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

29 © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 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

30 U.S. Federal Reserve Board Chairman Ben Bernanke said: © AMERICAN COUNCIL OF LIFE INSURERS 101 Constitution Ave., NW, Washington, DC 20001-2133 30

31 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 20001-2133 31


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