Assessing the Personal Financial Problems of Junior Enlisted Personnel

Financial problems are widespread among young enlisted personnel in the U.S. military. This report shows that young military members are more prone to problems paying bills than their civilian counterparts are. These problems diminish the members' quality of life, and related stress can degrade job performance. The military provides classes and counseling, but money woes remain a problem. The authors encourage the Defense Department to reevaluate programs to identify effective types of training and counseling.