Abby Cohen, Goldman Sachs
Presentation summary
- Declining household incomes
- Median household income declined by 4 % in decade before Recession, with largest decline among blue-collar workers
- Rising household debt and construction boom masked impact until financial crisis which has exacerbated these trends
- Americans and higher education
- Educational attainment stopped growing about 10-12 years ago, stagnation of percentage of Americans getting a bachelor’s degree
- Increase in the likelihood of women receiving a 4 year degree, subsequent decrease in the likelihood of men receiving a 4 year degree
- Unemployment rate is higher for males than the unemployment rate for females
- Educational attainment stopped growing about 10-12 years ago, stagnation of percentage of Americans getting a bachelor’s degree
- R&D/Patents/repatriation
- Research and Development as a percentage of GDP is only about 2 %
- Only 50% of patents in the US go to US citizens; 10% go to China and the rest of Asia; Japan gets 29%
- S&P 500 have 30% of their sales come from outside the US -- $1 trillion in assets currently outside US