Managing to Survive the Great Recession
The Great Recession, which began in 2007, has been recognized by many as the worst economic downturn since the
Great Depression.
Unemployment in the United States grew to over 10%.
The Great Recession has directly affected as much as half of the workforce, according to a report published by
the Pew Research Center in 2010, "How the Great Recession has Changed Life in America":
55% of adults in the labor force said they "suffered a spell of unemployment, a cut in pay, reduction in hours or an involuntary spell
in a part-time job", during the recession;
32% of adults have been unemployed during the recession;
48% of "the public" according to the study, say they are in worse financial shape than before;
48% or about half of all homeowners, say the value of their home has declined
There is another side to the story.
When managed well, the 'down time' of unemployment can be an opportunity for individual growth, a chance to focus
on personal life goals and to find the career that can meet those goals.
Benefits can be unexpected and life-changing.
It may lead to a new career, a renewed appreciation for family and friends. For some, unemployment is an opportunity simply to slow down for the first time
in decades and focus on areas of life which may have been long ignored. This can include spirituality, education, community and family.
Discover the 3 paths for success in navigating the Great Recession: The Guide, The Seeker,
The Volunteer. Click here to learn more about the 3 Paths.
Click here to hear firsthand the words of a Volunteer.