Comparison of Financial Health of Civilians and Military Members

Abstract

The purpose of this survey note is to determine whether the overall financial condition of civilians is similar to or different from military members. To answer this question, the financial conditions of active duty members, Reserve component members, and spouses of military members were compared to the civilian population across many areas: current financial health, sources of income/financial support, and saving/spending habits. This survey note includes a discussion on the survey methodology used across data sources and then presents results on the financial condition of military members, spouses of military members, and civilians. To determine the financial condition of civilians, data from the third annual Survey of Household Economics and Decision-making (SHED) conducted by the Board of Governors of the Federal Reserve System (2016) were analyzed. To determine the financial condition of military members and their spouses, R and R divisions' Surveys of Active Duty Members, Reserve Component Members, and Military Spouses conducted from 2013-2015 were analyzed.

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Document Details

Document Type
Technical Report
Publication Date
Sep 08, 2016
Accession Number
AD1072529

Entities

Organizations

  • Office of People Analytics

Tags

DTIC Thesaurus Topics

  • Abstracts
  • Active Duty
  • Air Force
  • Air National Guard
  • Classification
  • Compensation
  • Contracts
  • Department Of Defense
  • Families (Human)
  • Human Behavior
  • Instructions
  • Marine Corps
  • Military Families
  • Money
  • National Guard
  • Sampling
  • Unemployment

Readers

  • Military Mobilization and Reserve Forces Studies.
  • Rehabilitation and Prosthetic Care for Military Service Members and Veterans with Limb Loss or Disability.
  • Systems Analysis and Design