What's Influencing Food Choice in America


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What's influencing the state of America's Plate? These slides are part of an ongoing presentation about key influences impacting the state of our nation's plate. This presentation is updated several times annually and is built on research initiated in the early part of this decade

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  • PBGC is a federal corporation created by the Employee Retirement Income Security Act of 1974. It currently protects the pensions of nearly 44 million American workers and retirees in more than 29,000 private single-employer and multiemployer defined benefit pension plans. PBGC receives no funds from general tax revenues. Operations are financed by insurance premiums set by Congress and paid by sponsors of defined benefit plans, investment income, assets from pension plans trusteed by PBGC, and recoveries from the companies formerly responsible for the plans.
  • Involuntary = either work hours were reduced, or part time work was sought because FT work was not available
  • What's Influencing Food Choice in America

    1. 1. Excerpts from Food Choice in America<br />Why Americans Make the Food Choices they Do<br />1<br />Amanda Archibald, R.D.<br />Field to Plate<br />
    2. 2. The United “State” of America<br />A socio-economic snapshot<br />2<br />
    3. 3. Worlds of hurt – back in 2008<br />> 31.5 million Americans received food stamp benefits in September 08, the highest on record, surpassing an old record of 27.4 million in 1994<br />1/6th of the population in West Virginia receives food stamp assistance<br />House prices down 29%<br />Consumer debt rose from an average of 80% disposable income to 129% in 2007<br />For 20% of the nation’s elderly, social security is their sole source of retirement<br />For the first time, Social Security recipients are expected to receive a zero percent cost-of-living adjustment (COLA) in 2010, with projections of no or low COLAs through 2012.<br /><ul><li>Source: 2008Editorial: The New York Times, Washington Post, Economic Policy Institute, Kaiser Family Foundation</li></li></ul><li>America hurts<br /><ul><li>We lost $2 trillion in pension wealth
    4. 4. At the end of 2007, @ 25% of workers between 56-65 held > 90% of their 401 K in stock
    5. 5. more than 2 in 5 held > 70%
    6. 6. BUT: in 2008, accounts worth less than $10K grew > 40% as workers continued to make contributions
    7. 7. To shore up profits and reduce spending, companies are reducing employer matching for 401Ks
    8. 8. And this was before GM announced its bankruptcy filing. In June 2009: GM pension underfunded by $20B</li></ul>4<br />Source: The Washington Post /USA Today– Jan & May 2009/ Employee Benefit Research Institute<br />
    9. 9. Trends in savings and investments<br />The percentage of workers who have virtually no money in savings and investments has increased over the past year<br />54 percent report that the total value of their household’s savings and investments, excluding the value of their primary home and any defined benefit plans, is less than $25,000<br />More than one-quarter (27 percent) have less than $1,000 in assets.<br />12/15/2010<br />Employee Benefit Research Institute: March 2010<br />5<br />
    10. 10. A brief history of finance<br />Deregulation enabled a torrent of new financial products into market enabling large scale borrowing<br />Automated underwriting enabled rapid screening for loans<br />Securitization reduced risk<br />Policymakers loved this as it “helped “Americans own their own homes”<br />By 2007 60% did<br />Deregulation<br />Source: The Economist April 3, 2010<br />
    11. 11. What this looks like on paper<br />Source: download from xls data set at : http://www.irrationalexuberance.com/index.htm/Robert J Schiller<br />
    12. 12. Cheap credit changed the landscape<br />Then<br />Millions flocked to exurbs (exurbia) to big houses &big lots<br />Flight to the south and southwest (now largest areas of default/unemployment and counter migration<br />Longer commutes<br /> = stress/convenience and driving the consumption bubble<br />Now<br />People stuck in exurbia with houses they can’t sell, often without jobs and praying the price of gas won’t rise – which it is…<br />Surrounded by empty lots, vacant buildings/malls and foreclosed homes<br />12/15/2010<br />Source: Field to Plate<br />8<br />
    13. 13. What this looks like on the ground<br />25% of mortgage borrowers had mortgage balances as of late 2009 exceeding the value of their homes. Average amt: $70.7K<br />House prices down 29%<br />Median existing home price = $165,100 (1.8% decline over Feb 2009)<br /><ul><li>80% of delinquencies from PRIME rate mortgages versus 10% sub-prime</li></ul>ARM resets:<br /><ul><li>2009 - 53K
    14. 14. 2010 - 272K
    15. 15. 2011 - 466 K</li></ul>HH wealth shrunk by $12 Trillion or 18% since 2007. Negative home equity thru 2015<br />
    16. 16. Housing in perspective (FNCE 2007)<br />Change in single home price indices by select states<br />Source: Office of Federal Housing Enterprise Oversight<br />Index 1980, 1st quarter = 100<br />
    17. 17. Exodus<br />Gainers<br />Losers<br />Maricopa, AZ : 25% of homes = foreclosure notices<br />Land-use regulation in southern/sand states more permissive FL/NV/CA/AZ = the rush to the sun<br />4 of the 5 states with largest job losses were in the sunbelt<br />According to Moody’s Economy.com, for the first time since WW II more people left FL than arrived<br />
    18. 18. A tale of two recessions<br />12/15/2010<br />Source: Economic Policy Institute<br />
    19. 19. A history of income<br />1970 -2008<br />13<br />Graphic Source: Pew Research Center <br />
    20. 20. 12/15/2010<br />Economic Policy Institute<br />14<br />
    21. 21. Bankruptcy and aging<br /> “The data take on particular urgency in light of recent research suggesting a relationship between financial strain and health problems for older people, particularly indications that financial problems are linked with declining self-assessments of their health, diminishing ability to care for themselves and generalized demoralization” <br />Source:AARP Public Policy Institute: Generations of Struggle, June 08<br />
    22. 22. Working for a lifetime<br />Source: Economic Policy Institute/Monique Morrissey, June 25, 2008<br />
    23. 23. Funding your medical future<br />12/15/2010<br />USA Today/Fidelity Investments March 25, 2010<br />17<br />
    24. 24. A tale of 2 recessions<br />12/15/2010<br />Source: Economic Policy Institute/adapted <br />18<br />Blue = 2001 Red = 2007<br />
    25. 25. What a 1% increase in unemployment means..<br />3-4% decline in state tax revenues<br />A 1% increase in Medicaid and CHIP enrollment<br />A 1.1% increase in the numbers of health uninsured<br />Source: Washington Post/NYT & KFF<br />19<br />Already under pressure from a decline in real estate taxes<br />
    26. 26. Health is a casualty on many fronts..<br />The Trend<br />The Consequence<br />The number of workers participating in part time work grew by @ 4 million in 2008<br />How many part time jobs have health care?<br />12/15/2010<br />Source: Epinet.org/Bureau of Labor Statistics<br />20<br />
    27. 27. Leave no job behind<br />12/15/2010<br />Economic Policy Institute<br />21<br />81% of highest paid workers have sick leave <br />61% of private sector workers have some paid sick leave<br /> 21% of bottom 10% of wage scale have paid sick leave<br />Many of lowest paid jobs are in retail, health care and food-service<br />Diminished job security = tendency to show up for work when sick<br />
    28. 28. The reality is right here….<br />
    29. 29. Food Choice in America<br />Slides from a presentation by <br />Amanda Archibald, R.D, Field to Plate<br />www.fieldtoplate.comamanda@fieldtoplate.com<br />12/15/2010<br />