Military Personnel : More Dod Actions Needed to Address Service Members' Personal Financial Management Issues

The financial conditions of servicemembers (SM) & their families are of great concern. SM with severe financial problems risk losing security clearances, incurring admin. or criminal penalties or, in some cases, face discharges. Despite DoD programs on personal financial mgmt. (PFM), studies show that SM, particularly jr. enlisted personnel, continue to report financial difficulties. This report assessed: (1) the extent to which deployment impacts the financial condition of active duty SM & their families, (2) whether DoD has an oversight framework for evaluating mil. programs designed to assist deployed & non-deployed SM in managing their finances, & (3) the extent to which jr. enlisted SM receive required PFM training. Tables.Stewart, Derek B. is the author of 'Military Personnel : More Dod Actions Needed to Address Service Members' Personal Financial Management Issues', published 2005 under ISBN 9781422300657 and ISBN 142230065X.