The Marine Corps Personal Financial Management Program: Are We Financially Fit?

Abstract

The Status of Forces Survey (SOFS) is a series of web-based surveys of the total force that allows the Department of Defense to (1) evaluate existing programs/policies, (2) establish baselines before implementing new programs/policies, and (3) monitor progress of programs/policies and their effects on the total force regarding financial readiness and education. The survey aims to identify emerging economic challenges based on data, which can be addressed through Financial Literacy Education or resources within the Personal Financial Management Program (PFMP). However, the SOFS questions are subjective and do not provide the best data set to identify financial issues. This research examines the Financial Fitness of Marines through objective survey questions related to their finances, the involvement of unit leadership within the PFMP, and knowledge of the Blended Retirement System.

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Document Details

Document Type
Technical Report
Publication Date
May 04, 2021
Accession Number
AD1177938

Entities

People

  • Bobby J Bradford

Organizations

  • Marine Corps University

Tags

Communities of Interest

  • Biomedical

DTIC Thesaurus Topics

  • Active Duty
  • Business Administration
  • Covid-19
  • Department Of Defense
  • Education
  • Employment
  • Families (Human)
  • Finance
  • Financial Management
  • Governments
  • Marine Corps
  • Military Education
  • Military Personnel
  • Military Science
  • Military Training
  • Personnel Management
  • Students
  • Training
  • United States
  • United States Government

Readers

  • Economics
  • Military Leadership and Professional Education.
  • Virology (or Medical Virology).