Analysis of Perceived Financial Conditions of US Navy Enlisted Personnel

Abstract

This study evaluates demographic and attitudinal characteristics that explain variations in perceived financial condition (PEC) of Navy enlisted personnel using data from the 1999 Department of Defense (DoD) Survey of Active Duty Personnel (ADS). The ADS includes questions about: background information, economic issues, family information, programs and services, military life, career information, and assignment information. Two ordinal logistic regression models were estimated and used to explain variations in the PEC levels of married and single marital status samples of 2,362 and 1,309 U.S. Navy enlisted personnel, respectively. Results provide evidence that PEC levels are significantly affected by dependents, job satisfaction, household residence type, race/ethnicity, time away from homeport (married only), education (single only), paygrade, age, and pecuniary characteristics (gross income, savings, unsecured debt). Further study is recommended to incorporate PECs into cost estimates addressing the full impact of financial problems. Additional study is also recommended to refine demographic profiles in targeting persons who may benefit most from financial counseling, military housing, and DoD college programs.

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Document Details

Document Type
Technical Report
Publication Date
Mar 01, 2006
Accession Number
ADA445533

Entities

People

  • Steven M. Milinkovich

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Business Administration
  • California
  • Data Analysis
  • Demography
  • Department Of Defense
  • Education
  • Employment
  • Enlisted Personnel
  • Families (Human)
  • Finance
  • Management Personnel
  • Military Families
  • Military Personnel
  • Minority Groups
  • Personnel Management
  • Regression Analysis
  • Revenue

Readers

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  • Naval Personnel Management