Savers, Millennials, GenXer’s, Highly Productive Individuals, and Affluent Individuals shared a common problem in the post-Great Recession period: a lack of perspective, knowledge, and understanding of the economics of their lives in a New Economic Order.
The New Economic Order Planning Association began operation in 2008 to provide productive Americans who had experienced Great Recession related losses of personal savings, retirement plan savings, and residential equity, education and perspective on the post-Great Recession New Economic Order. The second central objective of the association was to provide New Economic Order economic education to savers who were impacted by the post-Great Recession monetary policies that created record low interest rates on accumulated savings. The third central objective of the association was to provide New Economic Order economic education and perspective to millennials and GenXer’s who were impacted by the post-Great Recession lack of employment opportunities.
Research organizations were retained to conduct extensive interviews with Americans of different ages, economic status, and education levels to identify ways in which value might be added to their lives through a forward looking New Economic Order strategy for the recovery of Great Recession losses and multiplication of remaining savings and other assets. It became apparent from the research project findings that economic education that focused on the economics of the lives of the different demographic groups would contribute to their post-Great Recession progress in the context of continuing losses of productive Americans’ personal savings and retirement savings to historic low interest rates presented further challenges.
Economic education programs were created to respond to the special needs of the various demographic segments of the population. Historic low post-Great Recession interest rates created continuing losses for savers created demand for context and direction. These needs of association members led the association to create needs specific education programs and develop planning programs for each demographic segment. Association membership classes were then established to provide members access to the appropriate planning programs as a part of the benefits program that was made available to qualified association members.
The association membership classes are:
- Savers (individuals age 55 – 74 with personal savings allocated to bank CD’s losing purchasing power or allocated to risk of principal stock market and mutual fund investments that lose principal periodically), Savers Planning Program.
- Millennials (individuals age 25 – 35 with less than $30,000 of surplus annual earnings and less than $250,000 of equity assets), Millennials Planning Program.
- GenXer’s (individuals age 36 – 55 with less than $30,000 of surplus annual earnings and less than $250,000 of equity assets), GenXers Planning Program.
- Highly Productive Individuals (doctor business owners and non-doctor business owners who have $30,000, or more, of surplus annual earnings and $250,000, or more, of equity assets), Planning Program
- Affluent Individuals (individuals who have $1,000,000, or more, of surplus savings that are un-needed to finance their lifestyle costs through their life expectancies), Planning Program.