A Need to Implement Personal Financial Education as Part of Professional Military Education

Abstract

The repercussions of junior enlisted Marines' personal financial debt have caused this issue to be far more than personal. Financial problems are influencing decisions concerning overseas assignments based on clearances, forcing Marines to make career decisions based on money, and placing additional stress upon the families of deployed Marines. Research demonstrates that financial education reduces the frequency of money problems and lessens Marines' stress about their financial status. These are two key elements in maintaining military readiness and retention. Educating Marines about personal finances also would be beneficial for the institution as Marines would be better prepared to serve their country. Addressing the issue of personal finance is another example of the Marine Corps "taking care of its own."

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Document Details

Document Type
Technical Report
Publication Date
Feb 19, 2008
Accession Number
ADA500189

Entities

People

  • D. Simmons

Organizations

  • Marine Corps University

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Business Administration
  • Data Centers
  • Department Of Defense
  • Education
  • Finance
  • Financial Management
  • Governments
  • Marine Corps
  • Military Education
  • Military Personnel
  • Military Training
  • Money
  • National Security
  • New York
  • Security
  • Students
  • Training

Readers

  • Defense Financial Management and Audit.
  • Economics
  • Naval Personnel Management