1. 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

2. 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

3. 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

4. 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

5. Opportunities of Ageing Conference – 100413 slide 5 Our choices in using wealth

6. Opportunities of Ageing Conference – 100413 slide 6 Wealth individual perspective financial health and physical social participation life experiences

7. Opportunities of Ageing Conference – 100413 slide 7 Wealth accumulation as we age liquid financial

8. Opportunities of Ageing Conference – 100413 slide 8 Wealth accumulation as we age illiquid financial

9. Opportunities of Ageing Conference – 100413 slide 9 Wealth accumulation as we age health and physical

10. Opportunities of Ageing Conference – 100413 slide 10 Wealth accumulation as we age social participation

11. Opportunities of Ageing Conference – 100413 slide 11 Wealth accumulation as we age life experiences

12. Opportunities of Ageing Conference – 100413 slide 12 Wealth accumulation as we age

13. Opportunities of Ageing Conference – 100413 slide 13 Drivers of accumulation of wealth

14. Opportunities of Ageing Conference – 100413 slide 14 Drivers of wealth liquid financial income *education opportunities *employment opportunities *abilities financial literacy *understanding *opportunities luck

15. 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

16. 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

17. 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

18. 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

19. Opportunities of Ageing Conference – 100413 slide 19 Drivers of wealth... and, finally... endowments *whakapapa *status or history *knowledge or understanding *financial

20. Opportunities of Ageing Conference – 100413 slide 20 Or, is wealth … collective *family *whānau *iwi nation

28. Opportunities of Ageing Conference – 100413 slide 28 Business investment as % of GDP

29. Opportunities of Ageing Conference – 100413 slide 29 Government investment as % of GDP

30. Opportunities of Ageing Conference – 100413 slide 30 Labour force participation rate

31. Opportunities of Ageing Conference – 100413 slide 31 Labour force participation rate – 60-65yos

32. Opportunities of Ageing Conference – 100413 slide 32 Labour force participation rate – 65+yos

33. Opportunities of Ageing Conference – 100413 slide 33 Govt education expenditure as % of GDP

34. 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

35. Opportunities of Ageing Conference – 100413 slide 35 NZ 2012 population but the next 25 yrs ??? man drought