Brief Summary of Minutes of Annual Meeting

NCCC052 annual meeting Aug. 14, 2013 Present: Kristy Archuleta (Kansas State University) Tim Griesdorn (Iowa State) Michael Gutter (University of Florida) Barbara O’Neill (Rutgers University) Lorna Saboe-Wounded Head (South Dakota State University) Yilan Xu (University of Illinois) Advisor Cynthia Jasper (University of Wisconsin) Agenda: Opening comments by Cynthia - welcome 1. Station reports a. CJ – Center for Financial Security is up and running, change in funding b. MG – 5th year funding from Bank of America to continue outreach, increasing number of graduate students, reassigned to focus on Extension Leadership, new program leader for FCS Extension, presented on effectiveness of HS personal finance on college students, promoted with tenure in 2012 c. TG – hired J Fox and S Bartholomae to head financial planning program, board certified program and work in extension and outreach efforts to develop a financial coaching program d. L SWH – FINRA data, emerging adults research e. YX – concentrated on undergraduate financial planning program, active finance club f. BO – continue to work on small steps to health and wealth program, working with MG on military personal finance, piloting a program with teachers on economic education, creating worksite wellness handouts which should be available on Rutgers website soon 2. Internationalization of Family Economics – a. Discussed ways for committee to increase outreach and how can we involve researchers from other communities. b. Decided to host a panel of researchers to discuss family economics. Took a poll with attendees and determined savings and income equality were the topics to address. c. Tim G. is willing to coordinate; the committee will meet on Oct. 4th 2-4pm (CST) to plan the panel discussion; send contact information for potential speakers to Tim as soon as possible; when contacting panelist explain the 2 options for topics to find out which they would prefer to address d. Possible date to hold panel is late November, early December, use Extension, ISU can host on Adobe Connect 3. NC 1172 Update a. Most recent committee born from NCCC052 for about 10 years, focused on the complex nature of savings, 2 years ago collected survey data, have published 6 papers with a few under review, reauthorized for 5 more years – NC 2172 Behavioral Economics, will build on research conducted by NC1172, will focus on key issues that affect families, focus on experimental design, people can still enroll to be a part of the project, contact AES at university 4. Office Election a. Chair – Tim Griesdorn b. Secretary – Lorna Saboe-Wounded Head c. Vote – nominate Tim as Chair (MG) and Lorna as Secretary (MG), second by LWH, all voted in agreement 5. Research Agenda a. Forming T committees (technical committees) b. Hoping to form international scholarship teems from panel discussion c. NC2172 is focusing on decision making (saving) d. Science of Extension – thinking about the best practices, what is effective in changing behavior , learning what is working and what is not working in outreach e. Financial behavior change – what are effective strategies to help change financial behavior f. Table topic until next meeting – think about possible research areas 6. Planning for next meeting a. Need to have the next meeting after new year (Oct. 1 2013 – Sept. 30. 2014) b. Suggestion to meet on-line to coordinate panel discussion then meet face to face in Aug. or Sept. of 2014 c. Committee will meet in October to plan panel – propose Oct. 4th 2-4pm central (3-5 eastern) d. Motion to adjourn – Tim, second Kristy

Output – The major purpose of NCCC052 is to facilitate collaboration among family economics researchers nationally and internationally. The group met on Aug. 14, 2013 to discuss internationalization of family economics. Outcomes/impacts – At the meeting, five research priorities were discussed to identify potential collaborative projects. Priorities identified were international family economic issues, financial decision making, best practices, effective change agents, and outreach in Extension, and effective financial behavior change strategies