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

1. Excerpts from Food Choice in America Why Americans Make the Food Choices they Do 1 Amanda Archibald, R.D. Field to Plate

2. The United “State” of America A socio-economic snapshot 2

4. At the end of 2007, @ 25% of workers between 56-65 held > 90% of their 401 K in stock

5. more than 2 in 5 held > 70%

6. BUT: in 2008, accounts worth less than $10K grew > 40% as workers continued to make contributions

7. To shore up profits and reduce spending, companies are reducing employer matching for 401Ks

8. And this was before GM announced its bankruptcy filing. In June 2009: GM pension underfunded by $20B4 Source: The Washington Post /USA Today– Jan & May 2009/ Employee Benefit Research Institute

9. Trends in savings and investments The percentage of workers who have virtually no money in savings and investments has increased over the past year 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 More than one-quarter (27 percent) have less than $1,000 in assets. 12/15/2010 Employee Benefit Research Institute: March 2010 5

10. A brief history of finance Deregulation enabled a torrent of new financial products into market enabling large scale borrowing Automated underwriting enabled rapid screening for loans Securitization reduced risk Policymakers loved this as it “helped “Americans own their own homes” By 2007 60% did Deregulation Source: The Economist April 3, 2010

11. What this looks like on paper Source: download from xls data set at : http://www.irrationalexuberance.com/index.htm/Robert J Schiller

12. Cheap credit changed the landscape Then Millions flocked to exurbs (exurbia) to big houses &big lots Flight to the south and southwest (now largest areas of default/unemployment and counter migration Longer commutes = stress/convenience and driving the consumption bubble Now 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… Surrounded by empty lots, vacant buildings/malls and foreclosed homes 12/15/2010 Source: Field to Plate 8

14. 2010 - 272K

15. 2011 - 466 KHH wealth shrunk by $12 Trillion or 18% since 2007. Negative home equity thru 2015

16. Housing in perspective (FNCE 2007) Change in single home price indices by select states Source: Office of Federal Housing Enterprise Oversight Index 1980, 1st quarter = 100

17. Exodus Gainers Losers Maricopa, AZ : 25% of homes = foreclosure notices Land-use regulation in southern/sand states more permissive FL/NV/CA/AZ = the rush to the sun 4 of the 5 states with largest job losses were in the sunbelt According to Moody’s Economy.com, for the first time since WW II more people left FL than arrived

18. A tale of two recessions 12/15/2010 Source: Economic Policy Institute

19. A history of income 1970 -2008 13 Graphic Source: Pew Research Center

20. 12/15/2010 Economic Policy Institute 14

21. Bankruptcy and aging “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” Source:AARP Public Policy Institute: Generations of Struggle, June 08

22. Working for a lifetime Source: Economic Policy Institute/Monique Morrissey, June 25, 2008

23. Funding your medical future 12/15/2010 USA Today/Fidelity Investments March 25, 2010 17

24. A tale of 2 recessions 12/15/2010 Source: Economic Policy Institute/adapted 18 Blue = 2001 Red = 2007

25. What a 1% increase in unemployment means.. 3-4% decline in state tax revenues A 1% increase in Medicaid and CHIP enrollment A 1.1% increase in the numbers of health uninsured Source: Washington Post/NYT & KFF 19 Already under pressure from a decline in real estate taxes

26. Health is a casualty on many fronts.. The Trend The Consequence The number of workers participating in part time work grew by @ 4 million in 2008 How many part time jobs have health care? 12/15/2010 Source: Epinet.org/Bureau of Labor Statistics 20

27. Leave no job behind 12/15/2010 Economic Policy Institute 21 81% of highest paid workers have sick leave 61% of private sector workers have some paid sick leave 21% of bottom 10% of wage scale have paid sick leave Many of lowest paid jobs are in retail, health care and food-service Diminished job security = tendency to show up for work when sick

28. The reality is right here….

29. Food Choice in America Slides from a presentation by Amanda Archibald, R.D, Field to Plate www.fieldtoplate.comamanda@fieldtoplate.com 12/15/2010