Posted on Monday, 18th July 2011 by Charlotte W
As America slowly recovers from “The Great Recession” of 2007-2009, many economists are predicting an extended “new normal” marked by slow economic growth, high unemployment, modest investment returns, precarious job security, and tightened credit standards. A new normality was inevitable because the financial crisis was precipitated by unsustainable trends (i.e., overspending) and bubbles (i.e., inflated home values). The over-leveraged, debt-driven, era of under-priced risk is now history and has been replaced with lifestyles marked by consumption as a declining share of GDP and increased household precautionary savings. There are also emotional issues involved with the “new normal. Many people are experiencing grief over the loss of their previous lifestyle and/or feel “stuck” as a result of the lowering of housing values and/or lack of employment options. Many people will need to accept recent changes in their lives related to the “new normal” and learn to live within their means. Financial educators can assist them. This workshop will address key financial issues that will have widespread impact on Americans during upcoming decades and skills that consumers need to learn to thrive during tough times. Participants will also participate in an activity to identify positive and negative changes in their personal and professional lives related to the “new normal” using a worksheet developed for use with adult learners.
Please join us as Dr. Barbara O’Neill, Rutgers Cooperative Extension, leads this conversation, sharing her insights and resources. The Web conference will be moderated by Dr. Michael Gutter, University of Florida.
The conference will be using Adobe Connect, audience members will be able to ask questions via chat, the conference itself will include audio feed as well as visual content. Should you have any questions regarding the conference, please contact The conference will be recorded and should be available online within a week after the conference on this page.
BIO
Dr. Barbara O’Neill, Ph.D., CFP®, CRPC®, AFC, CHC, CFEd
Dr. Barbara O’Neill is Extension Specialist in Financial Resource Management for Rutgers Cooperative Extension. She holds the rank of Professor II (distinguished professor) at Rutgers University and has written over 1,500 newspaper articles and over 130 articles for professional publications. A certified financial planner®, she is the author or co-author of eight books. She also provides national leadership for the Cooperative Extension program Small Steps to Health and Wealth™ and directed the five-year MONEY 2000 savings and debt reduction campaign in the 1990s that resulted in over $20 million of economic impact nationwide. In addition, she has delivered over 215 national/regional conference presentations. Dr. O’Neill earned a Ph.D. from Virginia Tech and has received over three dozen national awards and over $550,000 in grants to support her financial education programs and research.
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Tags: New Normal, Normal
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