Focus on Gaps to Synchronize Efforts to Improve Personal Financial Readiness

Abstract

The Depart of Defense and the military services need to take action to improve upon the effectiveness of current personal financial management (PFM) programs. The negative impact that poor financial readiness has on operational readiness is evident in several studies conducted by federal agencies and non-profit organizations since around 2000. There are many public and private organizations that have produced personal financial readiness material to assist in the effort of enhancing personal financial readiness, but most of the available information does not reach the intended audience. The DoD and military leadership can better manage limited resources by making personal financial readiness a top priority, and developing proactive PFM programs that provide training, education and counseling to servicemembers and their families.

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Mar 31, 2016
Accession Number
AD1176327

Entities

People

  • Salomon Rodriquez

Organizations

  • Marine Corps University

Tags

Communities of Interest

  • Engineered Resilient Systems

DTIC Thesaurus Topics

  • Air Force
  • Air Force Personnel
  • Department Of Defense
  • Education
  • Enlisted Personnel
  • Families (Human)
  • Family Size
  • Finance
  • Financial Management
  • Instructions
  • Law
  • Life Cycles
  • Marine Corps
  • Military Families
  • Operational Readiness
  • Personnel Management
  • Training

Readers

  • Defense Acquisition Program Management
  • Military Mobilization and Reserve Forces Studies.
  • STEM Education